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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.

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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