Not a lot changed as lunchtime approached, Monday’s comparatively barren economic calendar allowing the markets to stew ahead of the week’s trio of central bank get-togethers.
The FTSE continued to lurk the wrong side of 7700, its 0.4% decline trapping it in the trading bracket the index has found itself in for most of July. The pound, meanwhile, managed to take a tentative 0.1% off the dollar, pushing cable towards $1.3125, only to shed the same amount against the euro, sending it under €1.1235 against its single currency rival.
Like the FTSE, the eurozone indices remained in the red as the day went on. The DAX dove just shy of 50 points, though the German index is still in the ballpark of its recent 6 week highs, while the CAC slipped 0.3%, taking it under 5500.
Turning to this afternoon and the Dow Jones doesn’t look like it’s going to move the needle when the bell rings on Wall Street. The Dow, which fell from its 25500-plus highs last Friday following a tech-sector wobble, is set to open effectively unchanged, the index perhaps nervous ahead of Apple’s Q3 results on Tuesday and the Fed meeting on Wednesday.
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