There was evidence of a light recovery for the dollar earlier as US Durable Goods Orders accelerated far harder than expected
No surprise that the US Fed kept interest rates unchanged yesterday
Boeing shares – up more than 8% at one point earlier – helped shove the Dow Jones past the 21,700 threshold today.
Two news market movers today: UK GDP numbers emerge at 9.30am while a Federal Reserve policy statement arrives at 6pm. T
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A lacklustre day on the news and trading front. However perking things up in the background are oil and the euro.
Overnight Google Alphabet (Google’s parent) third quarter numbers arrived where the full impact of Brussels’ recent fine was clear:
Across the water Wall Street stocks have dipped with shares slumping sharply in General Electric, down more than 5%
At 4pm this afternoon the German Dax – a collection of Germany’s 30 biggest publicly traded companies on the Frankfurt stock exchange – plummeted more than 2%
Currency markets were broadly flat overnight with the euro trading at $1.1635 and the pound at $1.2982.
Despite good US June housing build starts – the highest seen since February
Despite the stateside turmoil with Donald Trump’s internal Obamacare frustrations the dollar
More investment Brexit concern over the weekend: chancellor Philip Hammond told the BBC that increasing numbers of businesses are steering clear of investing in the UK
US Fed Reserve chair Janet Yellen will – that’s the hope, at least – give a clearer idea of the long term direction of US interest rates today
The pound was given a push down earlier after inconclusive, non-remarks by Bank of England deputy Ben Broadbent.