• FTSE 100 up 0.1% to 6,829
• Gold down 1.6% to $1,265.40/oz
• £/$ – 1.6470
The FTSE 100 recovered from early losses yesterday to post a modest gain by the close of business. The index finished up 0.1% at 6,829.
Engineer Weir Group was the top of the table, up 2.5% after being upgraded by Credit Suisse. Supermarkets regained some of their recent losses, with Tesco up 2.4% and Sainsbury’s rising 1.8%.
In Europe, the Paris CAC 40 slipped one point to 4,378, and the German Xetra Dax added 28 points to 9,507.
In the US, the Dow Jones Industrial Average fell 0.2% to 17,067, the S&P 500 slipped 0.1% to 2,002, and the Nasdaq Composite rose 0.4% to 4,598.
Overnight in Japan, the Nikkei 225 and the broader Topix index each gained 0.4% to 15,728 and 1,301 respectively. And in China, the Shanghai Composite rose 1% to 2,288, and the CSI 300 was 0.9% higher at 2,408.
In the forex markets this morning, sterling was trading against the US dollar at 1.6471 and against the euro at 1.2541. The dollar was trading at 0.7613 against the euro and 104.99 against the Japanese yen.
And today, Hargreaves Lansdown reported a healthy rise in revenue and profit in the last year. Pre-tax profit at the fund supermarket rose by 7.5% to £209.8m, while net revenue was up by 8% to £291.9m. The company now has £49.6bn of assets under management, a rise of 29% on the previous year.