• FTSE 100 up 0.6% to 6,584
• Gold down 0.01% to $1,302.55/oz
• £/$ – 1.6797
Positive unemployment data helped lift the FTSE 100 43 points higher on Wednesday to 6,584.
Sports Direct was the day’s highest climber, up 5.6%. The retailer was followed by airline group IAG with a gain of 5.1%. And investment group Ashtead completed the top three, adding 5.0%.
However, at the other end, shares in defence stock BAE Systems slid 4.1%.
In Europe yesterday, the Paris CAC 40 rose 61 points to 4,406, and the German Xetra Dax gained 144 points to 9,318.
In the US, the Dow Jones Industrial Average gained 1.0% to 16,425, the S&P 500 was 1.1% higher at 1,862, while the Nasdaq Composite added 1.3% to 4,086.
Overnight in Asia, Japan’s Nikkei 225 and the broader Topix barely moved at 14,418 and 1,167. And in China, the Shanghai Composite fell 0.3% to 2,099, and the CSI 300 slid 0.4% to 2,225.
In the forex markets this morning, sterling was trading against the US dollar at 1.6836 and against the euro at 1.2164. The dollar was trading at 0.7225 against the euro and 102.01 against the Japanese yen.
And in the UK, Mulberry has issued a fresh profit warning. The fashion brand admitted it had struggled to make good on its price-hike strategy. For the year to the end of March, pre-tax profits are expected to be around £14m, down from £26m the previous year.• This article is taken from our free daily investment email, Money Morning. Sign up to Money Morning here.