The FTSE 100 was virtually unchanged yesterday, slipping just one point to close at 6,873.
Brewer SAB Miller was the day’s best performer, rising 5.6% after takeover speculation. Other top climbers included Smith & Nephew, which added 2.3%, and Weir Group, which was 1.6% higher. The biggest faller of the day was BT Group, which lost 2.4%.
In Europe, the Paris CAC 40 rose six points to 4,595, and the German Xetra Dax rose 20 points to 10,028.
In the US, the Dow Jones Industrial Average rose two points to 16,945, the S&P 500 slipped one point to 1,950, and the Nasdaq Composite two points higher at 4,338.
Overnight in Japan, the Nikkei 225 rose 0.5% to 15,069 and the broader Topix gained 0.8% to 1,239. And in China, the Shanghai Composite rose 0.1% to 2,054, and the CSI 300 was one point lower at 2,160.
In the forex markets this morning, sterling was trading against the US dollar at 1.6759 and against the euro at 1.2376. The dollar was trading at 0.7385 against the euro and 102.28 against the Japanese yen.
And today, Sainsbury’s reported fall in sales for the second quarter in a row. Like for like sales excluding fuel fell by 1.1%, compared with a 3.1% fall in the previous quarter. Including fuel, sales were down by 2.4%.