The Dow jones plunged 120 points after the bell, leaving it only 40 above the 19800 mark. That means the Dow is at a one week low, Donald Trump’s global outrage-incurring actions continuing to drag the index away from its all-time highs.
As for the Eurozone, after a positive morning fuelled by a triple-whammy of strong unemployment rate, GDP and inflation readings things have become more mixed. That final figure, the near 4 year high CPI number, has bolstered the euro, which has now taken nearly 1% off the dollar and 0.4% off the pound. Combine this with the negative comments from the US about Germany’s trade policies and the DAX went from 0.3% up earlier in the day to half a percent down after the bell rang on Wall Street; the CAC, on the other hand, just about managed to hold onto some growth, rising 0.1%.
The FTSE was by far the least interesting index this afternoon. It rose 20 points, pushing back towards 7130, despite the pound jumping by half a percent against the dollar thanks to the latter’s weakness this Tuesday.
