• FTSE 100 up 1.5% to 6,506
• Gold down 0.27% to $1,391.32/oz
• £/$ – 1.5544
The FTSE 100 started with week on a bullish note as investors were encouraged by positive manufacturing data from the UK and China. The index closed up 1.5% at 6,506.
Financial stocks were among the best performers. Aberdeen Asset Management was the highest climber of the day with a 4.5% rise, while Standard Life and Prudential gained between 3.7% and 3.5%.
In Europe yesterday, the Paris CAC 40 rose 73 points to 4,006, and the German Xetra Dax was 140 points higher at 8,243.
In the US, markets were closed for a public holiday.
Overnight in Asia, Japan’s Nikkei 225 rose 3% to 13,978, and the broader Topix index added 2.8% to 1,149. In China, the Shanghai Composite gained 1.2% to 2,123, and the CSI 300 was 1.5% higher at 2,354.
In the forex markets this morning, sterling was trading against the US dollar at 1.5555 and against the euro at 1.1815. The dollar was trading against the euro at 0.7595 and 99.64 against the Japanese yen.
And in the UK, retail sales rose by 3.6% in August compared with the same period last year, and by 1.85 on a like-for-like basis. Non-food sales rose by 2.2%, and food sales grew by 1.4%.