Bank cards in a wallet. Photograph: Andrew Matthews/PA
Mixed day for European markets
On a relatively quiet day for company and economic news, the weakness of the dollar was a dominant theme once more. The latest going-on in the White House – including the change of chief of staff following the healthcare bill failure – have helped undermine the US currency, with investors questioning how much of his promised tax reforms and spending plans will actually see the light of day. Added to that was the nervousness surrounding the latest missile tests by North Korea.
So with the euro and pound benefitting from the greenback’s weakness, European markets mainly ended the day lower. But the recent run of positive US company results, and hopes for the same from Apple on Tuesday, helped pushed the Dow Jones Industrial Average to new peaks.