• FTSE 100 up 1% at 6,625
• Gold up 0.17% to $1,366.35/oz
• £/$ – 1.6032
The FTSE 100 reacted positively to the US Federal Reserve’s decision not to begin ‘tapering’ its money-printing programme. The index closed up 1% at 6,625.
Miners led the index up. Randgold Resources leapt 8.1% and Fresnillo added 6.1% on the back of gold’s big rise, while Anglo American gained 3.7%.
In Europe, the Paris CAC 40 rose 36 points to 4,206, and the German Xetra Dax was 28 points higher at 8,694.
In the US, the Dow Jones Industrial Average slipped 0.3% to 15,636 the S&P 500 lost 0.2% to 1,722, but the Nasdaq Composite gained 0.2% to 3,789.
Overnight in Asia, Japan’s Nikkei 225 fell 0.2% to 14,742 and the broader Topix index added 0.3% to 1,218. China’s markets remained closed for a public holiday.
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In the forex markets this morning, sterling was trading against the US dollar at 1.6058 and against the euro at 1.1869. The dollar was trading at 0.7390 against the euro and 99.28 against the Japanese yen.
And in the UK, the Royal Bank of Scotland sys it has sold 20% of its stake in insurer Direct Line, raising £630m. The bank is obliged by the EU to dispose of Direct Line as a condition of its bail-out.