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The UK index rose a measly 0.2% (admittedly better than the DAX and CAC, which fell 0.2% and 0.3% respectively), failing to make the most of the half a percent drop from cable and the near 9% surge from Tesco. Investors are clearly pleased at the aggressive expansion the supermarket seems to have in mind, Tesco aiming to be even more of an unchallengeable leader in the sector than it already is.

Hopefully there will be a bit more excitement this afternoon following a flurry of key US data, chief among the day’s figures being the first glimpse at the Q4 GDP. Things are expected to have slowed down quite a bit from the third quarter, with analysts forecasting a drop from 3.5% to 2.1% at the annualised rate.

If accurate that decline might take the edge of the dollar’s early gains, with the greenback rising half a percent against the pound, euro and Japanese yen. That in turn could free up the Dow Jones for a fresh record peak, though at the same time the index itself might be disappointed in a weaker growth reading. Currently the futures are suggesting the Dow will creep 25 points higher after the bell, seeing it gradually build on the 20100 level it crossed for the first time yesterday.

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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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