FTSE 100 index recovers from losses on Wednesday

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Source: Dukascopy Bank
After a steep loss of 2.2% on Tuesday, FTSE 100 index recovered on Wednesday lifted by banks as the sector was upgraded. Barclays added 4% after the lender's rating was raised from hold to buy by Investec Securities. Lloyds Banking Group rallied 3.1% and HSBC Holdings added 0.8%. The security company G4S surged 3.3% after Morgan Stanley lifted the stock from equal weight to overweight. Miners also rebounded with Kazakhmys soaring 2.5% and Antofagasta gaining 3%. At the moment of writing FTSE 100 trades 0.67% or 37.77 points higher at 5,633.27.

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