• FTSE 100 up 0.7% to 6,858
• Gold down 0.04% to $1,253.25/oz
• £/$ – 1.6802
The FTSE 100 ended the week on a positive note on Friday, climbing 0.7% to close at 6,858.
Financial asset managers were the day’s top performers. St James’s Place led the index up with a 4% gain, while Aberdeen Asset Management, Schroders and Hargreaves Lansdown rose between 3.6% and 2.4%.
In Europe, the Paris CAC 40 rose 33 points to 4,581, and the German Xetra Dax rose 40 points to 9,987.
In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.5% to 16,924 and 1,949 respectively, and the Nasdaq Composite was 0.6% higher at 4,321.
Overnight in Japan, the Nikkei 225 gained 0.3% to 15,124 and the broader Topix was unchanged at 1,234. And in China, the Shanghai Composite rose one point to 2,030, and the CSI 300 was flat at 2,134.
In the forex markets this morning, sterling was trading against the US dollar at 1.6818 and against the euro at 1.2324. The dollar was trading at 0.7327 against the euro and 102.43 against the Japanese yen.
And in the UK, manufacturers are more confident about their growth prospects than at any time since the financial crisis. Trade body EEF has raised its forecast for manufacturing growth for 2014 to 3.6%, up from 2.7% three months ago.