A lack of fresh, substantial detail on the market’s current concerns – the US/China trade war and Brexit – led to another rather dull session.
The US open failed to instil a bit of energy into proceedings; if anything the Dow’s Thursday debut only added to the muted atmosphere, the index starting the session unchanged around the 24600 mark. The relative reticence of the Dow may be related to next week’s visit from Chinese Vice Premier Liu He, one of the landmark moments in terms of the ongoing trade talks between the two superpowers ahead of the end of the ceasefire in late February.
The DAX and CAC largely maintained their gains despite/because of the woeful euro-zone PMIs. The German index lingered at 11100 after adding 0.4%, while the CAC rose above 4850 as it climbed half a percent.
The FTSE couldn’t quite shake its red hue as the day went on, at best trimming its losses to 0.2%. This as cable itself fell by the same amount, with the pound holding above $1.30 despite that decline.
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