The Dow Jones was the biggest mover, climbing nearly 80 points as the stocks that led the post-election Trump rally showed flickers of excitement ahead of Obama passing the reins to his obnoxious successor. The FTSE, on the other hand, spent the afternoon dipping under 7200 despite the pound shedding 0.1% against the dollar and 0.3% against the euro, while the DAX rose by around 25 points.
It will be interesting to see how the US markets perform as the day goes on. They weren’t too pleased with Trump’s first press conference since winning the election last week; it was bereft of any substantial policy detail and continued the childish tone that has come to define his Twitter handle. A similar showing in the inaugural speech this evening – especially if Trump fails to display a reassuringly presidential tone that, honestly, seems beyond his grasp – could leave investors displeased once again.