"There's a feeling there'll be limited progress toward stemming the crisis and that's what has been occupying the markets, " said Mike Lenhoff, chief strategist at Brewin Dolphin.
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It also prompted downshifts in strategic equity positions, Lenhoff said.
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"The markets now are very oversold yet again, so what we're seeing is a tactical rebound of the selling of the past short while, " said Brewin Dolphin equity strategist Mike Lenhoff.