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FTSEurofirst 300 increases by 0.7%

FTSEurofirst 300 increases by 0.7%
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The FTSEurofirst 300 has put on 0.7 per cent this afternoon (March 24th), those who trade on the stock exchange may be keen to note.

According to Reuters, the index rose to 1,120.31 points, its highest level in almost two weeks earlier today.

This comes after it dropped by more than ten per cent following the earthquake and consequent tsunami in Japan earlier this month, as well as hostility in the Middle East.

But Jeremy Batstone-Carr, strategist at Charles Stanley, said issues in the Middle East are not a "game changer" when it comes to the index.

He added: "The consensus on Japan is that rebuilding will be supportive for the Japanese economy in the medium term and estimates of global growth rates don't need adjusting too much."

Earlier today, the FTSEurofirst 300 put on 0.2 per cent thanks to positive results from Kingfisher - which rose by 5.4 per cent today - and retailer Next was up by 5.6 per cent.

Posted by Clive ArneilADNFCR-1681-ID-800475231-ADNFCR