The morning’s positivity managed to carry over into the US session, though the gains were nothing compared to Monday’s losses.
The Dow Jones managed to rise 0.3% after the bell, sending the beleaguered US index back above 24300. This despite another strong day for the dollar, with the greenback rising 0.4% against both the pound and the euro, sending the former below $1.323 and the latter towards $1.165, and jumping half a percent against the yen.
The most recent CB consumer confidence reading had little impact on either currency or index, the possible negative impact of the worse than expected month-on-month decline countered by the upwards revised figure from May.
Over in the Eurozone the DAX couldn’t recover the growth it had managed early in the session, with the German index stuck in the red by a handful of points. The likes of the CAC and IBEX 35 had more success, rising 0.2% and 0.4% respectively.
As for the FTSE, it remained Tuesday’s best major performer, climbing half a percent to tickle 7550. It helped that Shell (LON:RDSa) and BP (LON:BP) were both up around 1%, clawing back some of Monday’s losses despite Brent Crude dipping 0.2% to lurk below $74.50 per barrel.
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