• FTSE 100 up 0.3% to 6,871
• Gold down 0.2% to $1,255.58/oz
• £/$ – 1.6717
The FTSE 100 shrugged off disappointing GDP figures from the US yesterday, climbing 0.3% to close at 6,871.
Smith & Nephew was again the day’s best performer, up 3.6% as takeover speculation continued. Engineering group IMI was also in demand, adding 3%, and bookmaker William Hill rose 2.6%.
In Europe, the Paris CAC 40 and the German Xetra Dax each slipped one point to 4,530 and 9,938 respectively.
In the US, the Dow Jones Industrial Average rose 0.4% to 16,698, and the S&P 500 and the Nasdaq Composite each added 0.5% to 1,920 and 4,247 respectively.
Overnight in Japan, the Nikkei 225 fell 0.3% to 14,632 and the broader Topix gained 0.1% to 1,201. And in China, the Shanghai Composite slipped 0.1% to 2,039, and the CSI 300 was 0.1% higher at 2,156.
In the forex markets this morning, sterling was trading against the US dollar at 1.6754 and against the euro at 1.2308. The dollar was trading at 0.7346 against the euro and 101.63 against the Japanese yen.
And in the UK, the economy is growing at its fastest rate in a decade, according to the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI). The CBI said growth in May was at its highest since it started keeping figures in May 2003. The BCC forecast growth of between 2.8% and 3.1% for 2014, above the 2.7% forecast by the government’s Office for Budget Responsibility.