"A lot of those hopes for central-bank intervention are going to help sentiment"
- Yogi Dewan, chief executive officer at Hassium Asset Management LLP
U.K. stocks were little changed, after last week's rally, as reports showed that Chinese imports tumbled and a level of confidence among British executives fell to a record low.
The FTSE 100 Index slid 0.03 per cent to 5,793.20. The broader FTSE All-Share Index added 0.02 per cent to 3,024.48.
"A lot of those hopes for central-bank intervention are going to help sentiment, but I think there will be a lot of volatility near term," Yogi Dewan, chief executive officer at Hassium Asset Management LLP, said in a phone interview to Bloomberg.
"While it has become apparent that traders are still happy to pick up stocks on the dips they are still reluctant to take them through resistance and there is little in the chart to suggest that that mind-set is about to change," noted Bill McNamara, technical analyst at Charles Stanley.
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