Sector movers: JP Morgan retains Diageo as its top-pick despite rise in bond yields

Cigarettes and booze found a bid on Wednesday as investors sought refuge in those two defensive sectors on a risk-off day more generally for financial assets globally, amid gyrations in metals markets which some market commentary linked to wider uncertainty surrounding the outlook for China's economy but also US policy-making. Against that backdrop, stock in British American Tobacco was able to move back above its 200-day moving average, with which it had been flirting over the past few weeks. ...

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