Trump’s return to the White House seems to have ended investors’ hour-by-hour focus on the President’s health.
And while it is more than possible that his case of covid-19 will return to the top of the table at some point, presently his discharge has left the markets looking a bit aimless.
The FTSE was the only index to post any real movement after the bell, and that wasn’t to its benefit. With its miners in the red, and losses for the likes of Ocado (LON:OCDO) and Rentokil Initial (LON:RTO), the FTSE fell 40 points, forcing it away from 5950.
Still to come is the latest construction PMI, which is expected to dip from 54.6 to 54.0. That follows revisions to the manufacturing and services PMIs, which saw the former fall to 54.1, but the latter unexpectedly rise to 56.1.
In contrast to the FTSE, the DAX and CAC didn’t do much at the start of the session. The German index slipped 0.1%, but with its French friend unchanged at 4870.
As for the Dow Jones, it is facing a similarly slow open, with the futures pointing to a 25 point fall. That would keep it above 28,100, after the index surged 465 points as Donald Trump wheezed his way back to the White House.
"Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.
In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."