Trump’s return to the White House seems to have ended investors’ hour-by-hour focus on the President’s health.
And while it is more than possible that his case of covid-19 will return to the top of the table at some point, presently his discharge has left the markets looking a bit aimless.
The FTSE was the only index to post any real movement after the bell, and that wasn’t to its benefit. With its miners in the red, and losses for the likes of Ocado and Rentokil Initial, the FTSE fell 40 points, forcing it away from 5950.
Still to come is the latest construction PMI, which is expected to dip from 54.6 to 54.0. That follows revisions to the manufacturing and services PMIs, which saw the former fall to 54.1, but the latter unexpectedly rise to 56.1.
In contrast to the FTSE, the DAX and CAC didn’t do much at the start of the session. The German index slipped 0.1%, but with its French friend unchanged at 4870.
As for the Dow Jones, it is facing a similarly slow open, with the futures pointing to a 25 point fall. That would keep it above 28,100, after the index surged 465 points as Donald Trump wheezed his way back to the White House.
