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London Markets: U.K. stocks rebound after worst selloff in 4 months

U.K. stocks moved higher on Tuesday, with investors picking up stocks that were beaten down in the prior session’s selloff on fresh worries about a potential global trade war.

Tesco and Sainsbury’s, however, bucked the positive trend after fresh data on supermarket sales in the U.K. showed both losing market share.

What are markets doing?

The FTSE 100 index UKX, +0.52% rose 0.2% to 7,525.55, rebounding after sliding 2.2% on Monday to end at its lowest close since May 3.

The pound GBPUSD, -0.3614% was flat at around $1.3282.

What is driving the market?

With little on the economic calendar to drive markets on Tuesday, analysts suggested the small rise in London stocks was merely a rebound after Monday’s plunge rather than anything fundamentally new to cheer investors.

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