• FTSE 100 up 0.9% to 6,796
• Gold down 0.5% to $1,321.97/oz
• £/$ – 1.6684
The FTSE 100 enjoyed a second day of solid gains on Tuesday, rising 0.9% to 6,796.
BT Group led the way, adding 3.4%, and the Royal Bank of Scotland followed, ending the day 2.4% higher.
The biggest faller was InterContinental Hotels Group, after its earnings results disappointed. The hotel group was down 3.2%.
In Europe, the Paris CAC 40 fell five points to 4,330, but the German Xetra Dax was three points higher at 9,659.
In the US, the Dow Jones Industrial Average slipped 0.2% to 16,130, but the S&P 500 edged 0.1% higher to close at 1,840. The Nasdaq Composite rose 0.7% to 4,272.
Overnight in Asia, Japan’s Nikkei 225 lost 0.5% to 14,766, and the broader Topix index also fell 0.5% to 1,218. And in China, the Shanghai Composite gained 1.1% to 2,142, and the CSI 300 rose 1.2% to 2,308.
In the forex markets this morning, sterling was trading against the US dollar at 1.6720 and against the euro at 1.2154. The dollar was trading at 0.7270 against the euro and 102.55 against the Japanese yen.
And in the UK, Pets at Home has announced plans for a £275m listing on the London Stock Exchange. The pet shops and veterinarians chain, which has 369 stores in the UK, is mainly owned by the American private equity group KKR.• This article is taken from our free daily investment email, Money Morning. Sign up to Money Morning here.