• FTSE 100 up 0.2% to 6,766
• Gold down 0.1% to $1,270.65/oz
• £/$ – 1.6965
The FTSE 100 nudge higher yesterday after recovering from early falls. The index closed up 0.2% at 6,766.
Pharmaceuticals group Shire was the day’s highest climber, adding 3.5% as investors speculated on the possibility of further takeover bids. Other top performers included Morrison Supermarkets, which rose 2.3%, and Whitbread, which was 2.2% higher.
In Europe, the Paris CAC 40 rose 26 points to 4,536, and the German Xetra Dax gained 37 points to 9,920.
In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.2% to 16,808 and 1,941 respectively, and the Nasdaq Composite was 0.4% higher at 4,337.
Overnight in Japan, the Nikkei 225 and the broader Topix each added 0.9% to 15,115 and 1,249 respectively. And in China, the Shanghai Composite slid 0.5% to 2,055, and the CSI 300 lost 0.4% to 2,160.
In the forex markets this morning, sterling was trading against the US dollar at 1.6967 and against the euro at 1.2524. The dollar was trading at 0.7381 against the euro and 102.22 against the Japanese yen.
And today, supermarket group Morrisons said it is to cut up to 2,500 management jobs in a bid to cut costs. The group, which employs 126,000 people, recently announced a loss of £176m, and a 7.1% drop in sales.