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Thanks to a lick of red paint coating the mining sector the FTSE could only inch over the 7150 level it has been struggling with all week. As for the pound, after yesterday’s Bank of England disappointment the currency looked rather surly after the bell, refusing to budge against the dollar and euro. Both will be hoping for a shot in the arm from the latest services PMI, though they may be left wanting given that analysts expect the figure to fall from 56.2 to 55.8 month-on-month.

Over in the Eurozone the situation was similar, a flat start for the DAX joined by a slightly more positive 0.4% rise from the CAC. The region gets its own wave of services data this Friday; the Eurozone-wide figure is set to be confirmed at 53.6, keeping the reading around the year highs it has come in at for the past few months.

This morning’s quiet can likely be attributed to the fact that it is the first non-farm Friday of the Trump presidency (though admittedly the orange-faced reality TV star wasn’t in charge for the entirety of the period covered), something that shifts most of the day’s focus to this afternoon.

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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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