It’s not surprise that the markets have paused this Tuesday, catching their breath after sprinting to the close on Monday.
Still back above 6,700 despite slipping 0.2%, the FTSE couldn’t find the any to move higher after the bell.
It didn’t help that the pound rose 0.2% against the dollar and 0.1% against euro. GBP/USD is now trading back above $1.387, picking itself up after striking a fresh near one-month low at the start of the week.
Closing out Monday with an astonishing 3.3% surge, and a fresh all-time high to boot, the DAX understandably lost a step this Tuesday. However, a 50-point drop only just leaves it under 14,350, with the bulk of its gains intact. The CAC, meanwhile, flitted either side of 5,900 as it drifted a handful of points lower.
Looking to inject the markets with a bit of energy later on, the Dow Jones is set to counter Europe’s sluggish start with a 180 point rise when the bell rings on Wall Street. Still celebrating Joe Biden’s stimulus package, that’d leave the Dow within touching distance of 32,000, and back in the running for a record peak of its own.
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