• FTSE 100 up 0.6% at 6,622
• Gold down 1.01% to $1,312.98/oz
• £/$ – 1.5896
The FTSE 100 made some good gains yesterday, despite slipping back in the late afternoon. The index closed up 0.6% at a six-week high of 6,622.
Miner Antofagasta led the index up with a rise of 3.9%, and Vedanta added 2%. But Fresnillo was the day’s worst performer, slumping 12.8% after concerns about mining levies in Mexico, where it carries out all its operations.
In Europe, the Paris CAC 40 rose 38 points to 4,152, and the German Xetra Dax was 104 points higher at 8,613.
In the US, the Dow Jones Industrial Average rose 0.8% 15,494 the S&P 500 added 0.6% to 1,697, but the Nasdaq Composite slipped 0.1% to 3,717.
Overnight in Asia, Japan’s Nikkei 225 fell 0.7% to 14,311 and the broader Topix index lost 0.3% to 1,181. And in China, the Shanghai Composite and the CSI 300 each lost 2.1% to 2,472 and 2,185 respectively.
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In the forex markets this morning, sterling was trading against the US dollar at 1.5917 and against the euro at 1.1921. The dollar was trading at 0.7489 against the euro and 99.19 against the Japanese yen.
And in the UK, the government announced it has raised £3.2bn by selling a 6% stake in Lloyds Banking Group. 4.3 billion shares were placed with institutional investors at 75p each, leaving the taxpayer owning 32.7% of the bank, down from 38.7%.