• FTSE 100 up 0.7% to 6,695
• Gold up 1.31% to $1,303.64/oz
• £/$ – 1.6575
The FTSE 100 ended the week in a positive mood on Friday, closing up 0.7% at 6,695.
Irish Builders’ merchant CRH was the day’s highest climber, rising 4%. Other top performers included insurers RSA and Legal & General, which added 3.5% and 3.1% respectively.
In Europe yesterday, the Paris CAC 40 rose 35 points to 4,484 and the German Xetra Dax gained 67 points to 9,695.
In the US, the Dow Jones Industrial Average slid 1% to 16,412, the S&P 500 lost 1.3% to 1,865, and the Nasdaq Composite was 2.6% lower at 4,127.
Overnight in Japan, the Nikkei 225 fell 1.7% to 14,808, and the broader Topix lost 1.7% to 1,196. China’s markets were closed for a public holiday.
In the forex markets this morning, sterling was trading against the US dollar at 1.6571 and against the euro at 1.2082. The dollar was trading at 0.7291 against the euro and 103.11 against the Japanese yen.
And in the UK, expectations for hiring and spending among the country’s businesses are at their highest for three and half years, according to the latest Deloitte survey of chief financial officers. CFOs are also more prepared to take on risk than any time for six and a half years.