Hammond spending plans are no saviour for the FTSE

European stock market close 23 November 2016
European bonds
The FTSE tried to make a spirited comeback from the 6779 lows as Hammond opened the purse and despite being up on the day we fell back into the close. Watch tomorrows papers to see how the UK press is going to react to the news. For me there was nothing special and no doubt our ‘cup half empty’ media will feel the same.