The Eurozone led the way this Monday, the DAX and CAC jumping 0.7% and 0.8% respectively following news that the European Commission had raised its growth forecasts for the region as a whole. For the next 2 years steady expansion is expected for all members of the EU, the first time the EC has been able to announce such a picture since 2008.
While the European Commission stated that the impact of the Brexit had so far been felt less than forecast, the FTSE failed to display the same buoyancy as its Eurozone peers, instead posting a meagre 0.1% increase as the morning went on. That is seemingly because of the decent performance from the pound, which jumped 0.3% against the dollar and 0.2% against the euro as sterling eyes tomorrow’s Bank of England potentially 2% target-beating inflation figures.
Looking ahead to this afternoon and the good times are showing no signs of going away, with the Dow Jones set to cross the 20300 for the first time in its history when the bell rings on Wall Street. There isn’t really anything for the Dow to deal with this Monday, meaning trading will likely continue to be defined by this renewed Trump rally.