Spreadex Market Update

FTSE flat and sterling slides as markets await Trump Congress appearance



"For now the FTSE has to deal with a far duller economic agenda, barely managing to move after the bell – that once again keeps it below 7300, the index in desperate need of a shot in the arm from somewhere."

Of course, that’s not until much, much later. For now the FTSE has to deal with a far duller economic agenda, barely managing to move after the bell – that once again keeps it below 7300, the index in desperate need of a shot in the arm from somewhere. The pound, meanwhile, is showing no signs of clawing back yesterday’s losses, falling 0.2% against both the dollar and the euro.

Things were a bit livelier in the Eurozone, if only because the region has already had some data to deal with. The Q4 French GDP figure came in unchanged at 0.4%, leaving the country with growth of 1.1% across 2016. Investors weren’t particularly impressed, the CAC rising just 0.2%, though that was admittedly a tad more than the 0.1% jump seen by the DAX.

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