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Markets begin tentative recovery

Global markets began to recover after a week of heavy losses during morning trading on Tuesday.The benchmark FTSE 100 index was up 0.8 per cent by 11:30 GMT, while the French Cac index rose by 0.96 per cent and the German Dax increased in value by 0.7 per cent.These gains followed five days of sustained losses which, on the FTSE alone, saw a sell-off of over five per cent of its total capital.Earlier today Asian markets opened positively. The Japanese Nikkei rose by 1.2 per cent while Hong Kong's Hang Seng index increased by 2.1 per cent.Analysts are now waiting to see whether American markets respond to the fledgling recovery. Last night the Nasdaq closed down 1.15 per cent while the Dow Jones index was down 0.53 per cent.Uncertainty about the US economy has underpinned the slip in global markets, analysts say.But speculation that a prohibitive law affecting trading in Chinese exchanges is thought to have been the initial trigger for the slip, which began one week ago today.

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