Global Daily: Institutionalized

Equities again struggled for direction on a day with very little consequential economic data. US indices closed mixed with the Dow slightly in the red, while the S&P500 and NASDAQ both lifted enough to see the former close above the 6,300 level for the first time. European equities were similarly unsure, with the CAC40 falling 0.3% while the FTSE100 and German DAX both posted small gains. Asian markets were broadly higher but the ASX200 had its worst day since April to close more than 1% lower.