Some payback and a bit of mean reversion: European equity markets slipped in early trade on Thursday as investors trimmed bets on the reopening trade. The FTSE 100 declined around 1 per cent at one stage but 6,300 held, whilst the DAX was holding onto 13,000. In the earlier session, the Nasdaq and S&P 500 rose and the Dow and Russell 2000 slipped a touch as investors switched back to some tech stocks – a pause in the rotation trade if you like with value handing back something to growth/momentum.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis