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Traders are turning bullish on growth

Equity traders are upbeat about miners, technological and industrial firms.
Wednesday, August 31, 2016 - 05:50
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Samsung (above), oil-services giant Schlumberger Ltd and power-grid maker ABB have jumped 16% or more in 2016.

GLOBAL equity traders are no longer panicking about the world's slowest growth rate in seven years. They're warming up to shares of companies that are most sensitive to the economic cycle - miners, technological and industrial firms - while turning away from utilities and consumer staples.