Spreadex Market Update
FTSE effectively grinds to a halt on summer lull-suffocated Wednesday
The FTSE, at least, managed to creep back to its morning starting place, the UK index now circling yesterday’s 6850 14 month highs. The pound, meanwhile, continued to see a split between its performances against the dollar and the euro, up 0.3% against the former but down the same amount against the latter.
Over in the Eurozone the DAX and CAC both followed the FTSE’s lead in reducing their losses, though the German and French indices couldn’t quite bring themselves to abandon their 0.4% and 0.2% slides respectively. As for the Dow Jones, well, it couldn’t really budge from where it began, rising a mere 0.1% to hit 18550. It didn’t help that the only item of data on offer was distinctly B-tier stuff, the JOLTS job openings coming in at 5.62 million against the 5.52 million forecast.
Depressingly those investors look for a change in sentiment tomorrow may be left wanting, with an equally empty economic calendar to look forward too. The European session looks especially sparse; the US session, on the other hand, at least sees the usual Thursday jobless claims joined by the latest import prices reading.
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