• FTSE 100 up 0.8% to 6,746
• Gold down 2.35% to $1,307.11/oz
• £/$ – 1.7048
The FTSE 100 extended Friday’s gains yesterday, adding a further 0.8% to close at 6,746.
Sports Direct was the day’s highest climber, up 3.6% after announcing that it intends to expands into Australia and New Zealand. Retailers in general were strong – Tesco rose 2.3%, while Marks & Spencer and Morrisons each added 2%.
In Europe, the Paris CAC 40 rose 34 points to 4,350, and the German Xetra Dax added 117 points to 9,783.
In the US, the Dow Jones Industrial Average rose 0.7% to 17,055, the S&P 500 added 0.5% to 1,977, and the Nasdaq Composite was 0.6% higher at 4,440.
Overnight in Japan, the Nikkei 225 rose 0.6% to 15,395, and the broader Topix index gained 0.7% to 1,273. And in China, the Shanghai Composite and the CSI 300 each rose 0.2% to 2,070 and 2,174 respectively.
In the forex markets this morning, sterling was trading against the US dollar at 1.7065 and against the euro at 1.2535. The dollar was trading at 0.7345 against the euro and 101.60 against the Japanese yen.
And in the UK, the FCA, the financial regulator, has announced a cap on the amount of interest payday loan companies can charge borrowers. From January 2015 the interest on loans must not exceed 0.8% per day, and customers will not have to pay back more than twice the original loan.