• FTSE 100 up 0.5% to 6,6654
• Gold down 0.02% to $1,316.00/oz
• £/$ – 1.6147
The FTSE 100 rose for the eighth day in a row yesterday, adding 0.5% to close at 6,654.
Engineering management company Amec was the day’s highest climber, up 5.8% after being rated a ‘buy’ by Deutsche Bank. The aerospace and defence sectors were in demand – Babcock International added 2.9%, Rolls Royce rose 2.8% and Smiths Group and BAE Systems added 2.2% and 2% respectively.
In Europe, the Paris CAC 40 fell ten points to 4,276, and the German Xetra Dax gained two points to 8,867.
In the US, the Dow Jones Industrial Average slipped 0.1% to 15,392, the S&P 500 was flat at 1,744, and the Nasdaq Composite was 0.2% higher at 3,920.
Overnight in Asia, Japan’s Nikkei 225 rose 0.1% to 14,713, and the broader Topix index gained 0.2% to 1,214. And in China, the Shanghai Composite fell 0.8% to 2,210, and the CSI 300 slid 1% to 2,445.
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In the forex markets this morning, sterling was trading against the US dollar at 1.6131 and against the euro at 1.1796. The dollar was trading at 0.7312 against the euro and 98.31 against the Japanese yen.
And in the UK, activity in the construction sector is at its highest in nine years, according to the latest survey from the Royal Institution of Chartered Surveyors. Activity in private housebuilding saw the biggest rise.