• FTSE 100 down 0.2% at 6,558
• Gold up 4.07% to $1,364.02/oz
• £/$ – 1.6146
The FTSE 100 slipped further yesterday as investors awaited the outcome of the US Federal Reserve’s decision on ending its quantitative easing programme. The index closed down 0.2% at 6,558.
Banks performed well. Lloyds was one of the day’s highest climbers with a 2.1% rise, while Standard Chartered added 1.4% and RBS was 0.8% higher.
In Europe, the Paris CAC 40 rose 25 points to 4,170, and the German Xetra Dax was 40 points higher at 8,636.
In the US, the Dow Jones Industrial Average rose 1% to 15,676 the S&P 500 added 1.2% to 1,725, and the Nasdaq Composite gained 1% to 3,783.
Overnight in Asia, Japan’s Nikkei 225 rose 1.8% to 14,766 and the broader Topix index added 1.9% to 1,215. China’s markets were closed for a public holiday.
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In the forex markets this morning, sterling was trading against the US dollar at 1.6124 and against the euro at 1.1916. The dollar was trading at 0.7390 against the euro and 98.75 against the Japanese yen.
And today, Bloomberg reports that JP Morgan is expected to pay up to $900m in fines over the 2012 ‘London Whale’ affair, when it lost an estimated $2bn in a derivative trade gone wrong.