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The Deutsche Bank-drag on the banking sector, as well as the continued weariness following last Wednesday’s record-breaking surge, continued to set the tone of trading. The FTSE fell by 0.3%, dipping just under 7350, while the DAX shed half a percent and the CAC dropped by 0.4%.

The French index’s movements are interesting, as they are likely in part informed by Alain Juppe’s decision not to replace the scandal-laden Francois Fillon as the conservative party’s presidential candidate. That realistically leaves only Emmanuel Macron to battle with Marine Le Pen, and though the former currently has a significant chance of winning the presidency – and a slim chance of beating out the Front National candidate in the first round of voting – the markets won’t welcome any more uncertainty.

Looking to the US open and the Dow Jones appears similarly reticent this Monday. The Dow is set to drop 40 points after the bell, a move that would see the index back under 21000. Sentiment could be shifted by this afternoon’s factory orders figure if it beats the expected month-on-month dip, though with a rate hike-eyeing Fed meeting next week any good news data-wise may only benefit the dollar.

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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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