Shaking off its lunchtime slowdown, the FTSE got its swagger back on Wednesday afternoon, while the Dow Jones did absolutely nothing.
Holding out for more details on the latest US-China trade talks, the Dow clearly couldn’t be bothered after the bell, at most adding 0.1% to climb back across 25900. If the index is to hit 26000 this week then it really needs the 2 superpowers to show concrete signs that they are approaching a trade deal before the ceasefire ends next Friday.
The eurozone was in good form as the day went on. The DAX's 90 point rise left it in the vicinity of 11400, a level last breached at the start of December, while the CAC found itself closing in on 5200 following a 0.7% increase.
Adding 50 points, the FTSE shook off Sainsbury's (LON:SBRY) 16% slide to clamber past 7200 once again, lifted by most of its major sectors, including a healthy dose of green for its miners and an accelerated 5.3% surge by Lloyds (LON:LLOY) (a stark contrast to HSBC's (LON:HSBA) losses yesterday).
The pound, meanwhile, largely managed to erase its early losses to sit flat against both dollar and euro.
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