Stock markets are struggling for momentum, despite increased hopes that the US can avoid a disastrous debt default.
Traders are worried about the economic impact of spending restrictions under last weekend’s Biden-McCarthy compromise agreement at a time when the Federal Reserve is still tightening monetary policy.
On the corporate front, the UK operations of EG Group have been sold to Asda in a £2.3 billion deal while Hollywood Bowl has continued its strong run of trading by reporting record half-year profits.
