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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.

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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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