• FTSE 100 up 0.1% to 6,721
• Gold up 0.3% to $1,350.80/oz
• £/$ – 1.6165
The FTSE 100 ended slightly higher on Friday, edging up just 0.1% to close at 6,721.
RBS was the day’s top performer, adding 3.3%. Elsewhere in the sector, Barclays rose 0.5% and Lloyds was 0.3% higher.
In Europe, the Paris CAC 40 slipped three points to 4,272, and the German Xetra Dax gained five points to 8,985.
In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.4% to 15,570 and 1,759 respectively. The Nasdaq Composite was also up 0.4% higher at 3,955.
Overnight in Asia, Japan’s Nikkei 225 leapt 2.2% to 14,396, and the broader Topix index added 1.7% to 1,198. And in China, the Shanghai Composite added one point to 2,133, and the CSI 300 fell 0.1% to 2,365.
In the forex markets this morning, sterling was trading against the US dollar at 1.6196 and against the euro at 1.1728. The dollar was trading at 0.7241 against the euro and 97.60 against the Japanese yen.
And in the UK, consumer credit is on the rise for the first time since the financial crisis as confidence returns. The EY Item Club is forecasting a 1.5% increase in lending to consumers this year. However, lending to businesses is expected to fall by 4%.• This article is taken from our free daily investment email, Money Morning. Sign up to Money Morning here.