Trading oh so slightly picked up as Wednesday went on, investors coming out of their shells just a bit as lunchtime approached.
With BP (LON:BP) and Shell (LON:RDSa) easing their early losses – despite Brent Crude slipping back below $82 per barrel – the FTSE was allowed to re-cross 7500, the index climbing 0.2% to hit 7520. It couldn’t have hurt that the pound remained down against the dollar and the euro, with sterling trickling 0.2% lower against both of its rivals.
As for the eurozone, things were a bit more mixed. The DAX ended up dipping 0.1%, keeping the German index around the 12350 mark; the CAC, on the other hand, managed to rise 0.3%, once again pushing it towards 5500.
Turning to the US open and, after another negative session that pulled it further from last Friday’s 26700-plus all-time highs, the Dow Jones is set to add 50 or so points after the bell. That’d send the Dow back above 26500; though those already slight gains could easily dissipate as the session goes on if the market’s pre-Fed nerves become more pronounced once the majority of US investors get out of bed.
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