*
skip to Main Content
enquiries@thearmchairtrader.com

Sign up for our Free Daily Digest newsletter: Actionable insight every morning, designed for the self-directed investor. Find out more

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.

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.

Comments

Back To Top