Despite opening in a world edging towards the kind of restrictions seen 6-months ago, the European markets held their nerve at Wednesday’s open, even if they were unable to do much more than that.
There was also the added pressured of a pause in the Eli Lilly (NYSE:LLY) monoclonal antibody trial to treat coronavirus, just a day on from the stalled progress of the Johnson & Johnson (NYSE:JNJ) vaccine trial.
Yet, after notable losses on Tuesday, the DAX crawled back across 13,000 with a 40 points rise, while the CAC snuck its nose past 4950 following a 0.2% increase.
The FTSE had the edge on its Eurozone peers thanks to the pound’s Brexit anxieties. Falling 0.4% against the dollar and euro alike, sterling is fretting over tomorrow’ Boris Johnson-set ‘deadline’, and whether or not a) a deal is going to miraculously appear in time, or b) the end date for negotiations will be extended.
This allowed the UK index to climb 0.6%, just about returning it to the 6000 level it has been having a bit of trouble with in the last week or so.
As for the Dow Jones , after dropping half a percent last night, it is looking to add 60 points when trading gets underway stateside, leaving it a smidge below 28,750. Stimulus talks are still the headline focus for the American indices, more so than election polling, which currently shows Joe Biden – who would likely produce a bigger relief package than Trump if he wins in November – 17 points ahead nationally.
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