• FTSE 100 up 0.3% to 6,571
• Gold up 0.01% to $1,282.48/oz
• £/$ – 1.5951
Stocks rallied yesterday ahead of America’s debt ceiling deadline. The FTSE 100 added 0.3% to close at 6,571.
Financial services giant Hargreaves Lansdown was the day’s highest climber, up 4.8% after reporting record assets under management. Fund manager Schroders, however, was the day’s worst performer, down 2.8%.
In Europe, the Paris CAC 40 fell 13 points to 4,243, and the German Xetra Dax added 42 points to 8,846.
In the US, the Dow Jones Industrial Average and the S&P 500 each rose 1.4% to 15,373 and 1,721 respectively, and the Nasdaq Composite was 1.2% higher at 3,839.
Overnight in Asia, Japan’s Nikkei 225 and the broader Topix index each rose 0.8% to 14,586 and 1,206 respectively. And in China, the Shanghai Composite slipped 0.2% to 2,188, and the CSI 300 fell 0.3% to 2,413.
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In the forex markets this morning, sterling was trading against the US dollar at 1.6034 and against the euro at 1.1773. The dollar was trading at 0.7342 against the euro and 98.17 against the Japanese yen.
And today, the chancellor announced that Chinese companies will be allowed to take a majority stake in a new generation of nuclear power stations. The first deal is likely to be a £14bn plant at the Hinckley C site in Somerset.