Looked up the French word for resilience this morning was disappointed to find it was résilience. From the Latin verb resilire, meaning to rebound and not (until recently) a word used when describing the Scottish rugby team’s performances. A number of indices in Europe were making new highs today including the FTSE All Share total return and the DAX, whilst the FTSE 100 was approaching a big resistance at 8400. The Euro Stoxx 50 ended the day up 66bps for its first 4-day win streak since August…
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