The US open failed to shake up what has been a fairly uneventful day of trading, the Dow Jones falling short of 26100 after the bell.
Climbing 30 or so points, the Dow couldn’t reach that landmark level – just yet, at least. Given the index can clear 200-300 points on a good day, it really isn’t far away from a fresh record peak, its recent rise all the more remarkable given the US-China trade war concerns that have battered the markets in the last few months.
Over in the eurozone things were pretty boring. The DAX was flat, shying away from the 12600 mark it almost hit earlier in the session, while the CAC rose 0.3% to tease 5500. As for the FTSE, it remained the day’s shining light, an honour only earned due to the index missing out on Monday’s market-wide gains.
Sterling, meanwhile, continued to struggle in the face of the threat of a ‘no deal’ Brexit, with Theresa May’s claim that it ‘wouldn’t be the end of the world’ doing nothing to help the currency out. Against the dollar it slipped around 0.1%, keeping it the wrong side of $1.289, while against the euro it ended up shedding 0.3%, dragging it under €1.101 for the first time since September 2017.
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