• FTSE 100 up 0.3% to 6,572
• Gold down 0.02% to $1,256.88/oz
• £/$ – 1.6579
The FTSE 100 bounced back yesterday after five straight days of losses. The index closed up 0.3% at 6,572.
Severn Trent led the index up with a 4.6% rise, and sector peer United Utilities added 3.3%. Financial stocks performed well too. RBS rose 3.5% and Lloyds was 3.1% higher.
In Europe on Friday, the Paris CAC 40 rose 41 points to 4,185, and the German Xetra Dax gained 57 points to 9,406.
In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.6% to 15,928 and 1,792 respectively, and the Nasdaq Composite was 0.4% higher at 4,097.
In Asia, the Nikkei 225 gained 2.7% to 15,383, and the broader Topix index added 2.6% to 1,256. And in China, the Shanghai Composite rose 0.6% to 2,145, and the CSI 300 was 0.4% higher at 2,227.
In the forex markets this morning, sterling was trading against the US dollar at 1.6603 and against the euro at 1.2137. The dollar was trading at 0.7310 against the euro and 103.15 against the Japanese yen.
And in the UK, house prices rose by 0.7% in January, according to the latest figures from the Nationwide. Year on year, prices rose by 8.8%, with the average price of a home now standing at £176,491.