Though it couldn’t match yesterday’s growth, the FTSE’s early gains still lifted it to a recent high.
Up 0.3%, the UK index is now above 7,100 for the first time since May 10th and is only 70 or so points from matching the then-14-month peak struck on that date.
Looking at the trading landscape this Wednesday, however, and a low energy open may make it difficult for the FTSE to significantly make strides towards those levels.
The DAX and CAC, for example, both started the session flat following a far worse than forecast German retail sales reading, while the Dow Jones is heading for a similarly sluggish performance this afternoon.
Wednesday could be a day where the markets tread water, saving their energies for the US jobs focused sessions on Thursday and Friday, which bring the unemployment claims and latest nonfarm data respectively.
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