THE recent rally on the London market was brought to a halt after figures revealed a shock contraction in the US economy at the end of last year.
THE recent rally on the London market was brought to a halt after figures revealed a shock contraction in the US economy at the end of last year.
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America saw its first decline in gross domestic product (GDP) since 2009, with the economy shrinking by an unexpected 0.1% in the fourth quarter of 2012, although the figure is still subject to revision.
The FTSE-100 Index closed 16.08 points lower at 6323.11 yesterday, having surged above 6300 for the first time in more than four-and-a-half years on Tuesday.
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