• FTSE 100 up 0.1% to 6,588
• Gold up 0.12% to $1,365.47/oz
• £/$ – 1.5818
The FTSE 100 rallied late in the day yesterday to close up just 0.1% at 6,588.
ARM Holdings led the index up, adding 4.8% as Apple unveiled its new iPhone, powered by the company’s chips. Other top performers included Glencore Xstrata, which gained 3.1% and Experian, which rose 2.2%.
In Europe, the Paris CAC 40 rose three points to 4,119, and the German Xetra Dax was 49 points higher at 8,495.
In the US, the Dow Jones Industrial Average rose 0.9% 15,326, the S&P 500 added 0.3% to 1,689, but the Nasdaq Composite slipped 0.1% to 3,725.
Overnight in Asia, Japan’s Nikkei 225 fell 0.3% to 14,387, and the broader Topix index lost 0.4% to 1,184. In China, the Shanghai Composite added 0.6% to 2,255, and the CSI 300 was 1% higher at 2,507.
In the forex markets this morning, sterling was trading against the US dollar at 1.5795 and against the euro at 1.1869. The dollar was trading at 0.7514 against the euro and 99.50 against the Japanese yen.
And today, the government announced its plans for the privatisation of the Royal Mail. The company’s 150,000 staff will receive 10% of the shares, while members of the public wishing to buy shares in the flotation will have to spend at least £750.