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| FTSE 100 recovers as Chinese shares rise | FTSE 100 recovers as Chinese shares rise |
| (35 minutes later) | |
| (Morning): UK shares rose, recovering some of the ground lost on Thursday amid the global sell-off. | |
| After falling 2% in the previous session, the FTSE 100 rose 39.25 points to 5,993.33. | |
| China's main stock index rose 2% on Friday, the first day since the suspension of the circuit breaker. | China's main stock index rose 2% on Friday, the first day since the suspension of the circuit breaker. |
| The circuit breaker had been brought in to try to reduce volatility, but it was blamed for fuelling selling pressure and was then suspended by authorities. | The circuit breaker had been brought in to try to reduce volatility, but it was blamed for fuelling selling pressure and was then suspended by authorities. |
| The recovery in Chinese stocks helped to calm markets across Europe, with Germany's Dax index up 0.6% and France's Cac 40 index 0.4% higher. | The recovery in Chinese stocks helped to calm markets across Europe, with Germany's Dax index up 0.6% and France's Cac 40 index 0.4% higher. |
| In London, shares in Tesco rose 5.4% to 146.70p after Barclays upgraded its rating on the stock to "overweight" from "equal weight". | |
| Oil shares were under pressure, with Royal Dutch Shell up 1.5% and BP 0.9% higher. | |
| On the currency markets, the pound rose by four-fifths of a cent against the euro to €1.3452, but was barely unchanged against the dollar at $1.4626. |