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Stock market trading 'on hold' as experts await G20 summit news

Stock market trading 'on hold' as experts await G20 summit news
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Stock market trading hit something of a lull this morning (October 22nd) as experts await news from the G20 summit that is currently taking place in South Korea.

World leaders have gathered to discuss the global fiscal outlook and what individual countries can do to "tackle economic imbalances", Reuters reports.

Indeed, trading strategies could be under review as investors anticipate the G20 participants' announcement regarding currency devaluations, which is proving difficult to reach.

The FTSE 100 opened 14 to 17 points lower than it did in the previous session, despite hitting a six-month peak at 5,757.86.

However, the drop may have also been instigated by news that mining stocks - such as those in BHP Hilton and Miners.FTNMX1770 - have slipped in value ahead of the weekend, according to the news source.

But experts believe the outcome is simply "malaise" before the markets close this afternoon and the organisations responsible have come down from previous high points.

Posted by Greg Secker ADNFCR-1681-ID-800136754-ADNFCR