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The DAX, still at a 12 month peak, slipped 0.1% after the bell, while the CAC barely budged; the euro was similarly sluggish, failing to improve on the $1.06 level if fell to yesterday, though it did take 0.2% back off the pound. There isn’t really much to move the Eurozone indices this Friday – the most prominent catalyst for change would be news on Italian banking situation, but given that the country asked the ECB to give it until January to work out what to do with Monte dei Paschi that may not be forthcoming.

The FTSE was just as slow as its Eurozone peers this morning. However, its mild 10 point increase has the UK index at its best price since November and, if a proper Santa rally is to materialise in the next fortnight, it could well re-cross the 7000 mark before the year is over.

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

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