• FTSE 100 up 1% to 6,632
• Gold down 0.18% to $1,308.55/oz
• £/$ – 1.6787
The FTSE 100 made good gains yesterday as investors went on a buying spree. The index closed up 1% at 6,632.
Housebuilder Persimmon and International Consolidated Airlines were the day’s highest climbers, each registering a 4.5% rise. Other strong performers included equipment rental company Ashtead, which added 4.3%, and fund manager Schroders, which was 3.7% higher.
In Europe, the Paris CAC 40 rose 50 points to 4,197, and the German Xetra Dax gained 171 points to 9,180.
In the US, the Dow Jones Industrial Average rose 0.1% to 16,569, the S&P 500 added 0.3% to 1,936, and the Nasdaq Composite was 0.7% higher at 4,401.
Overnight in Japan, the Nikkei 225 rose 0.2% to 15,161, and the broader Topix was 0.4% higher at 1,257. And in China, the Shanghai Composite slipped 0.1% to 2,221, and the CSI 300 fell 0.4% to 2,357.
In the forex markets this morning, sterling was trading against the US dollar at 1.6776 and against the euro at 1.2548. The dollar was trading at 0.7479 against the euro and 102.25 against the Japanese yen.
And today, government contractor Serco reported a big fall in profits for the first half of the year. Adjusted operating profit in the six months to 30 June fell by 59% to £50.7m, down from £106m in the same period last year.