Spreadex Market Update
Summer lull strikes as FTSE and Dow Jones struggle for direction
Opening effectively flat the Dow Jones had little for those investors looking for a bit of excitement at the start of the week, the US index instead content to amble about just below 18540. That does, however, still leave the Dow within touching distance of its all-time highs; all it will take is a bit of good news, and a 100 point swing, and the index is there.
The European indices were just a dull this Monday. The FTSE, having it a 14 month high in the early hours of the sessions, settled back at 6800; the DAX and CAC were a bit more livelier with 0.7% and 0.2% gains respectively, though even that means both indices suffered some shrinkage as the day went on.
Tomorrow morning, mercifully, should be a bit more interesting, with the release of the latest UK manufacturing and industrial production data, as well as the goods trade balance. Frustratingly all 3 readings are from June, not July, limiting their usefulness as a Brexit-impact barometer, though they would show signs of some pre-referendum wear and tear.
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