• FTSE 100 up 0.6% to 6,779
• Gold down 0.2% to $1,295.68/oz
• £/$ – 1.6617
The FTSE 100 built on Monday’s gains to close 38 points higher at 6,779.
It was a good day for retail stocks. Kingfisher gained 3.7%, while Sports Direct followed with a gain of 3.3%. Fashion chain Next added 2.0%.
But it was a different story for miners with BHP Billiton falling 4.9%, and Fresnillo 3%. Glencore was down 1.4%.
In Europe, the Paris CAC 40 gained 23 points to 4,254, and the German Xetra Dax gained 89 points to 9,334.
In the US, the Dow Jones Industrial Average gained 0.5% to 16,920, as did the S&P 500 to 1,982. The Nasdaq Composite was 0.4% higher at 4,528.
Overnight in Asia, Japan’s Nikkei 225 edged higher to 15,454, and the broader Topix index fell 0.1% to 1,280. And in China, the Shanghai Composite fell 0.2% to 2,240, and the CSI 300 slid 0.4% to 2,366.
In the forex markets this morning, sterling was trading against the US dollar at 1.6618 and against the euro at 1.2500. The dollar was trading at 0.7522 against the euro and 103.29 against the Japanese yen.
And in the UK, Glencore has announced it is to buy back $1bn-worth of shares after first-half profits were better than expected. Earnings were up by 8%, while adjusted net income rose to $2.01bn from $1.9bn the previous year.