European stock markets mixed after Wall Street’s Trump rally. European stocks were mixed at the close yesterday, as Wall Street held on to the previous day’s gains which had taken it to a record closing high, dealers said. In New York, the blue-chip Dow Jones Industrial Average index – which had breached the psychological barrier of 20,000 points on Wednesday – was again modestly higher yesterday, adding around 0.2%.
But in Europe, the London’s FTSE 100 was flat at 7,161.49, while Frankfurt’s DAX index closed 0.4% higher at 11,848 points. “Wall Street opened higher” but “the enthusiasm for President (Donald) Trump’s America First policies was less palpable in European markets,” said London Capital Group analyst Jasper Lawler. The expert said traders had been unimpressed by new data in London showing that the British economy is shrugging off the impact of Brexit. The British economy grew by 0.6% in the final three months of last year and by 2% over 2016, official data showed, as the country prepares to begin its departure from the European Union later this year.