A bounce from Boeing (NYSE:BA) helped the Dow Jones jump after the bell, slightly livening up what has been a pretty forgettable session.
Still awaiting some proper news from the US-China trade talks – though there are reports swirling that Trump could be preparing to announce a summit with Xi Jingping – the Dow climbed more than 130 points. That pushed the index within touching distance of 26350, a price last seen in October 2018 – so long ago that Theresa May’s Brexit withdrawal agreement didn’t even exist then!
With the Dow on the up and up, the DAX could complete its transition from early losses to afternoon gains. Ignoring the morning’s dreadful German factory orders reading, the index added another 25 points, leaving it very close to the big 1-2-0-0-0, the bourse’s own 6-month peak.
Unlike its Teutonic cousin, the FTSE was unable to fully erase its own losses on Thursday. Though it did halve its decline as the day went on, the UK index was still down 20 or so points, keeping it from its recent 7400-crossing half year high.
The pound’s initial positivity was abandoned after lunchtime. Against the dollar it fell half a percent, forcing cable under $1.309, while versus the euro it was down 0.3% and the wrong side of €1.167. This as it awaits the result of the Cooper Brexit delay bill debate in the House of Lords, one that could come pretty late given how slowly the peers are moving.
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