FTSE avoids big loss on volatile day

The London market took a roller-coaster ride today as caution on Wall Street muted early confidence over blue-chip stocks.

The London market took a roller-coaster ride today as caution on Wall Street muted early confidence over blue-chip stocks.

An opening flurry among leading stocks including Vodafone and GlaxoSmithKline was offset by a downbeat opening on Wall Street amid uncertainty over interest rates.

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