• FTSE 100 up 0.8% at 6,819
• Gold down 0.27% to $1,241.86/oz
• £/$ – 1.6371
The FTSE 100 added to its gains yesterday, climbing a further 0.8% to close at an eight-month high of 6,819.
Miner Anglo American topped the index, up 5.5% after UBS upgraded it to a ‘buy’. Burberry was also in demand, adding 4.6% on the back of a strong set of sales figures.
In Europe yesterday, the Paris CAC 40 rose 58 points to 4,332, and the German Xetra Dax gained 193 points to 9,733.
In the US, the Dow Jones Industrial Average rose 0.7% to 16,481, the S&P 500 climbed 0.5% to 1,848, and the Nasdaq Composite was 0.8% higher at 4,214.
In Asia, the Nikkei 225 fell 0.4% to 15,747, and the broader Topix index was flat at 1,294. And in China, the Shanghai Composite was flat at 2,023, and the CSI 300 rose 0.1% to 2,211.
In the forex markets this morning, sterling was trading against the US dollar at 1.6330 and against the euro at 1.2005. The dollar was trading at 0.7351 against the euro and 104.76 against the Japanese yen.
And today, Dixons Retail, owner of Currys and PC World, reported a rise in sales over Christmas. Like-for-like sales grew by 3%. Sales rose 5% in UK and Ireland, and 2% in northern Europe. Sales in Greece, however, fell by 8%.