The Dow Jones decided to have another crack at 30,000 this Thursday, while the pound popped on the latest Brexit headlines.
Despite US daily covid-19 deaths hitting their highest level since April, and still a week away from the FDA’s Pfizer Inc (NYSE:PFE)/BioNTech SE (NASDAQ:BNTX) vaccine meeting, the Dow added 125 points, just about sticking its nose across the 30,000 mark.
It couldn’t reach its recent all-time highs – however, it would still be a big deal if it can close above that level, something it has struggled with since that peak.
Surging 1% against the dollar and 0.4% against the euro, the pound appeared to rise after Irish foreign minister Simon Coveney claimed that ‘there’s a good chance we can get a deal across the line in the next few days’. It’s the kind of comment that has been heard before in the last couple of weeks, without anything materialising. Nevertheless, with the deadline looming, sterling will take what it can get.
Interestingly the FTSE didn’t dip into the red despite the pound’s gains. Instead the index rose 0.4%, pushing it above 6,480 for the first time in 6-months.
Elsewhere the session was mixed. The DAX and CAC remained in the red, falling 0.4% and 0.2% respectively.
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