• FTSE 100 unchanged at 6,730
• Gold up 0.09% to $1,238.07/oz
• £/$ – 1.6406
The FTSE 100 was flat yesterday after a volatile day’s trading. The index ended unchanged at 6,730.
RSA Insurance was the day’s top performer with a 6.2% gain. Miners were out of favour, however. Fresnillo led the sector down with a drop of 4.7%, while Antofagasta, Randgold and Rio Tinto lost between 4.1% and 3.1%.
In Europe, the Paris CAC 40 fell 20 points to 4,227, and the German Xetra Dax fell seven points to 9,428.
In the US, the Dow Jones Industrial Average and the S&P 500 each lost 0.3% to 16,425 and 1,826 respectively, and the Nasdaq Composite was 0.4% lower at 4,113.
In Asia, the Nikkei 225 fell 0.6% to 15,814, and the broader Topix index lost 0.7% to 1,283. And in China, the Shanghai Composite rose 0.1% to 2,047, and the CSI 300 slipped one point to 2,238.
In the forex markets this morning, sterling was trading against the US dollar at 1.6385 and against the euro at 1.2031. The dollar was trading at 0.7342 against the euro and 104.31 against the Japanese yen.
And in the UK, the British Chambers of Commerce predicts the rate of economic growth will gather pace this year. Several of its key indicators in the manufacturing sector were at all-time highs. Confidence among businesses is up, says the BCC, with companies believing they “can create jobs, invest and export.”