Lingering doubts about the outlook for the global recovery left financial markets struggling to find a clear trend yesterday as the weekend summit of the Group of 20 leaders provided a talking point for analysts but offered limited comfort for investors.
There was some relief for the banks as the leaders of the world's biggest economies signalled an agreement to delay the implementation of tough capital rules on the industry.
But the broader headlines from the gathering highlighted that a long period of fiscal austerity lay ahead – although little new ground appeared to have been broken by the G20.
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