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The market’s understandably jittery tone of trading continued this Monday, with the conversation dominated by if Mark Carney will stay on as the Bank of England’s head honcho (and, indeed, if he should at all).

The debate, one that will likely be resolved on Thursday at the earliest, has helped to drag the FTSE half a percent lower, the index unwelcome to any unnecessary instability when things are volatile enough already. The pound also fell 0.2% against the dollar, though it did take 0.1% back off a weak-looking euro.

Over in the Eurozone as expected region-wide GDP (at 0.3) and inflation readings (at 0.5%) failed to cheer up the DAX and CAC, which fell 0.3% and 0.7% respectively. The Eurozone indices are likely also unhappy about the Carney talk, especially since, as shown by the German retail sales slide this morning, the region isn’t completely out of the shadow of the Brexit just yet.

Looking to the afternoon and the US open is likely to introduce its own anxieties, namely the Clinton/FBI email debacle. The US has an almost overwhelmingly busy calendar this week, with the election build-up joined by the Fed meeting on Wednesday and the non-farm jobs report on Friday; for the moment, however, the Dow futures are holding up ok, the index facing a 10 point increase after the bell. In terms of data its largely B-tier stuff, with the core PCE price index, personal spending and income, and Chicago PMI readings all arriving after midday.

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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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