HomeWeak pound helps FTSE 100 edge larger as European friends dip

Weak pound helps FTSE 100 edge larger as European friends dip

T

he FTSE 100 outperformed the remainder of Europe to simply end in optimistic territory on Tuesday.

London’s high index misplaced some early beneficial properties attributable to weak spot within the US and elsewhere in Europe through the session, however noticed giant multinationals supported as soon as once more by weak spot within the pound.

The FTSE 100 moved 0.02%, or 1.73 factors, larger to complete at 7,625.72.

Across the Channel, Germany’s Dax index was 1% decrease for the day and the Cac 40 closed down 0.67%.

Michael Hewson, chief market analyst at CMC Markets UK, stated: “It’s been another negative session for European markets with the Dax pushing ever closer to six-month lows.

Content Source: www.commonplace.co.uk

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