The markets have slipped into a bit of a lull this Tuesday, with the tax bill- boost dissipating as the morning went on.
Unlike its eurozone peers the FTSE managed to eke out some growth, rising 0.2% to tickle 7550 for the first time since early November. The UK index was helped out by the pound’s own losses; against the euro sterling slipped 0.3%, while cable was flat the wrong side of $1.34. Investors have perhaps been put off of the pound by Michel Barnier’s latest Brexit comments, with the EU negotiator ruling out a special deal for the City of London.
As mentioned the eurozone indices weren’t up to much this Tuesday. The DAX dipped 0.2%, taking the German bourse back below 13300, while the CAC fell by 0.1%. Much in the way the FTSE was aided by sterling’s limp performance, the eurozone indices were hurt by the euro’s gains, with the currency pairing its growth against the pound with 0.2% increase against the dollar.
Looking to this afternoon and though the Dow Jones is set to rise after the bell, the futures aren’t suggesting the same level of record-breaking growth seen on Monday. The likely 40 point increase will leave the Dow short of 24850-crossing all-time intraday high managed at its peak yesterday.
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