The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on January 23 2023. Picture: REUTERSThe euro held at a nine-month top against the dollar and global equities bobbed at multi-month highs on Tuesday, after reasonable European business activity data and a slew of corporate earnings kept risk appetite buoyant.
Britain’s flash composite purchasing managers’ Index , however, dropped to 47.8 in January from 49.0 in December, the lowest since January 2021. Britain’s FTSE 100 was down 0.4%, underperforming the broader European market, and domestically focused mid caps gave up early gains after the PMI data to trade nearly flat.
The day’s heavyweight on the corporate earnings front is Microsoft which will report its earnings after market close.