While the FTSE ummed and ahhed over hitting new highs, the Dow Jones wasn’t as shy, opening at a fresh record peak.

The Dow wasn’t that explosive after the bell rang on Wall Street. Yet, a 70 point rise left it tickling 25350, continuing its remarkable, seemingly unending climb. As for the afternoon’s meagre data offerings, just like its non-farm cousin last Friday, the latest JOLTS job openings reading came in below estimates, at 5.88 million compared to the downward revised 5.92 million seen the month previous.

The FTSE rose a half a percent throughout the day, fuelled by the Morrisons-led gains in the supermarket sector, sterling’s 0.4% and 0.1% declines against the dollar and euro respectively, and a healthy set of commodity stocks. This once again leaves the UK index around the 7720 to 7730 mark, tantalisingly close to another record high – hopefully Sainsbury’s Christmas update tomorrow will help the FTSE maintain the momentum it seems to have found today.

Over in the Eurozone the DAX and CAC varied in their enthusiasm. The former nudged just 0.1% higher despite a far better than forecast German industrial production figure; the latter, meanwhile, found itself trading at a 2 month peak after jumping half a percent.


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