The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Picture: REUTERS
The broad Euro Stoxx 600 fell 0.2% after opening in the black. London’s lost 1.3% as the pound jumped to a five-month high after the Bank of England kept interest rates steady and signalled that a move to sub-zero territory was not imminent. Markets are waiting direction on the shape of a US fiscal recovery package, currently subject to political wrangling in Washington, said Hugh Gimber, global markets strategist at JP Morgan Asset Management.
With figures on jobless claims in the US labour market looming at 12.30pm GMT, the dollar fell to a two-year low as investors weighed whether the US economic recovery from the coronavirus hit was lagging other major economies.
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