A relatively uneventful session couldn’t prevent the FTSE from falling half a percent on Thursday.
Unable to shake its initial decline, the UK index found itself off its 6-month highs and under 7400 after shedding 40-ish points. This despite the gradual erosion of the pound’s already slender gains, with sterling now flat against the dollar and up just 0.1% against the euro.
Over in the Eurozone the DAX managed to remain unchanged after the open, despite a horrendous German factory orders figure, one that saw the worst monthly decline in 2 years. The CAC was a tad worse off, slipping below 5450 as it fell 0.2%.
Turning to the afternoon and those hoping that the US session will spice things up are likely to be left wanting. The futures have the Dow Jones unmoving when the bell rings on Wall Street, the index stuck just above 26200. It may take a substantial update on the US-China trade talks to really get the Dow going, given there is little else on the agenda to force the index to shift from its perch.
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