The markets were all shook up on Wednesday, the global manufacturing crisis doing a number on the European indices.
With the Dow Jones looking to open at its lowest price in a month, and the Asian markets spending most of the session in the red, there wasn’t a lot of goodwill at the start of the European open.
At least the indices were united in their gloom – holding hands on the way down, the FTSE, DAX and CAC all fell 1.1% apiece. Where that left them, however, was slightly different; the German and French bourses, like the Dow, struck one month lows of 12160 and 5540 respectively, but with their UK counterpart slipping to a one-week low of 7280.
Reports that Boris Johnson has struck a deal with the DUP failed to lift sterling’s spirits on Wednesday, mainly because the ‘two borders’ plan is unlikely to how much sway with Dublin or the EU. That left cable down 0.2%, at its own one-month nadir of $1.2276, with the pound also dipping 0.1% against the euro to lurk at its worst price in approaching 3-weeks.
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