A muted European open evolved into some tepid gains for the region’s indices, while the Dow Jones is looking to regain its momentum later this afternoon.
The FTSE inched into the green thanks to its commodity stocks, with Shell (LON:RDSa) benefiting from Brent Crude’s 3%-plus rise following news of explosions on two oil tankers in the Gulf of Oman. That comes after a terrible month for Brent Crude, one that saw it fall from $72.94 on May 20th to a sub-$60, 5-month nadir on Wednesday.
It didn’t hurt the index that the pound was subdued, either, sterling slipping 0.1% against the dollar and the euro.
The DAX was the only index to really make strides on Thursday, climbing back past 12150 as it rose 0.4%, effectively ignored the Eurozone’s worse than expected fall in industrial production. In contrast, the CAC couldn’t shake its early losses, the French bourse slipping 0.1%.
Having swapped its June-opening winning streak for a week of stuttering sessions, the Dow Jones will once again have a go at restarting its rebound when the bell rings on Wall Street. The futures put the index back at 26080 following a 70 point increase, with little, in theory, to disrupt those gains beyond another set of contradictory trade comments from Donald Trump.
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