The FTSE once again lingered around the 7000 mark, lacking any real impetus to push towards its all-time peak from earlier in the year. The pound, meanwhile, has continued to fall against the dollar; it now sits under $1.24, its worst price in around the month. Against the euro sterling has fared a bit better, remaining just above the €1.19 mark.
Over in the Eurozone the DAX and CAC both got off to a solid, if uninspired, start, with both indices rising 0.2%. The fact that the region posted any growth this morning is somewhat remarkable given the events in Germany and Turkey on Monday – it is perhaps a sign of how depressingly routine such tragedies have become that the market no longer has the same kind of reaction to them.
In terms of data there is precious little of it this Tuesday. The UK sees the latest CBI realised sales reading, expected to fall to 20 from 26 month-on-month, while in the Eurozone the region-wide current account figure is forecast to slip from €25.3 billion to €24.2 billion.
