This meant that the FTSE continued to struggle with 7200, sporadically dipping a toe over the line before shying back to the safety of its current trading bracket. The UK index’s excuses seem two-fold: firstly the pound is having a decent morning against both the dollar and the euro, rising 0.4% against each; secondly, the mining sector is in the red, preventing the FTSE from matching the growth seen elsewhere.
Over in the Eurozone the DAX and CAC rose 0.4% and 0.8% respectively, with investors either choosing to ignore the mounting issues in Greece or letting any bad news be absorbed by the euro, the currency having a particularly limp day of trading.
Looking ahead to the US open and Thursday’s dreary trading is set to continue, with the Dow Jones promising a meagre 0.1% increase after the bell. That keeps the Dow below 20100, with only the jobless claims to spark any excitement as the afternoon gets underway.