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26/02/24 Briefing

Writer: Simon Charles HooperSimon Charles Hooper

The FTSE 100 and European markets were mixed and US equities made muted moves on Monday, following a wild ride over the last few weeks driven by earnings season.

  • The FTSE 100 (^FTSE) fell 0.3% by the afternoon. Over in Germany, the DAX (^GDAXI) was almost flat and the CAC (^FCHI) in Paris declined 0.5%.

  • The pan-European STOXX 600 (^STOXX) fell 0.3%.

  • US flagship indices made cautious moves higher after the opening bell, as the tail-end of earnings season plays out. The S&P 500 (^GSPC) was up 0.2%, the Dow (^DJI) was almost flat and the Nasdaq (^IXIC) was up 0.1%

  • Traders and central bank watchers will be looking to the US inflation reading on Thursday.

  • In the UK, housebuilders were in focus on the FTSE after the UK's competition watchdog suggested the government take a closer look at how they operate. The UK's largest housebuilder Barratt (BDEV.L) fell about 1.3% in early trade before trading around 0.3% lower at the close in London.

 
 
 

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