To excite you from the off, today was another pretty quiet day. At the open European shares were subdued, unable to carry momentum from a strong US session on Monday. The Dow closed on Monday at a record high of 22,118.5, the 10th consecutive day of gains. Disappointing Chinese data however sent Asian shares lower this morning and kept European shares at bay, although a small recovery in oil helped the FTSE. To the close London’s main index managed to secure a small climb of 0.14% to close just shy of its record. As we write the Dow looks set to continue its win streak and along with the S&P hit yet more record highs. The Dow Jones currently sits +0.13%.
In company news, Paddy Power Betfair shares continued to fall after yesterday’s announcement of a change in CEO and the release of their interims; earnings did however rise and efficiency savings were made. Inter Continental Hotels’ shares also fell after their latest results release, despite raising the dividend. Shares fell by just over 4% and sat at the bottom of the FTSE virtually all day. That’s pretty much it, but perhaps no news is good news, especially after the last few summers.