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Rising 50 points after the bell the Dow Jones now sits just over 20200, ascending to yet another record peak seemingly on the back of Donald Trump’s ‘phenomenal’ tax promises. The dollar also appeared to get a bit of a Trump-boost this afternoon, taking 0.2% off the pound, euro and yen, though its gains were capped somewhat by the sharper than expected fall in US consumer confidence.

The pound’s afternoon losses allowed the FTSE to recover the growth that had petered out around lunchtime, the UK index jumping 30 points as the day went on. That leaves the FTSE at its best price since January 17th, supported by the decent data out of the UK this morning.

The Eurozone was the weakest region this Friday, the DAX and CAC both sitting flat having been up as much as half a percent after the bell this morning. The renewed prominence of the Greek debt crisis, and the potential departure of the IMF as one of the country’s creditors, has perhaps supressed investors’ appetite in the region.

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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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