The Dow Jones paused on Monday, unable to strike the fresh record highs promised pre-open.
The US index lurked under 28000 after the bell, news of ‘constructive discussions’ between Washington and Beijing over the phone on Saturday morning failing to impress investors. Given its current levels, the Dow may need something a bit more substantial from the superpowers if it is to level-up once again.
The FTSE echoed its American peer, the index sitting pretty much unchanged the wrong side of 7300. That it avoided a serious loss, however, is notable considering sterling’s gains. With the Tories currently on track for a majority after December’s election, the pound added 0.4% against the dollar and 0.2% against the euro.
In comparison to the UK and US, the Eurozone was in a real bad mood on Monday. The DAX and CAC fell 0.6% apiece, take the German index to 13150 and the French bourse under 5900.
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