There wasn’t a lot going on this Thursday morning, beyond Ryanair (LON:RYA) boss Michael O’Leary bungling his way through the company’s pilot-crisis, dragging the stock 2.5% lower in the process.
In the UK the main point of discussion was the public sector net borrowing data from August, with the deficit shrinking from £6.9 billion to £5.56 billion for the month year-on-year. This didn’t do much for the pound or FTSE, however. Sterling nudged 0.1% higher against the dollar, but remained below $1.35, while the UK index failed to make much headway in returning to 7300 with a meagre 5 to 10 point increase.
Over in the eurozone the DAX and CAC were far more positive. Despite the euro crawling back across $1.19 against the greenback, the German and French indices were in a perky mood, rising 0.3% and 0.5% respectively. There are a couple of items of interest for the region this afternoon; ECB chief Mario Draghi speaks at a conference in Frankfurt (realistically the chance of any market-moving comments is slim), before the eurozone-wide consumer confidence data (set to remain unchanged at -2) is released.
Looking to the US open and, having done very little in the aftermath of the Fed meeting, the Dow Jones is set to start the session above 22400, a few points shy of yesterday’s high. Of course, as has been the case in the last fortnight, the slightest twitch from the index will see it ascend to a new record peak.
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