• FTSE 100 up 0.6% points to 6,839
• Gold down 0.04% to $1,289.30/oz
• £/$ – 1.6932
The FTSE 100 was back on the rise again yesterday, climbing 0.6% to close at 6,839.
Barclays led the index up, rising 7.9% after saying it was to restructure its operations, shedding thousands of jobs in the process. And Morrisons was also back in demand after Wednesday’s losses, adding 4.3%.
In Europe yesterday, the Paris CAC 40 rose 61 points to 4,507, and the German Xetra Dax added 86 points to 9,607.
In the US yesterday, the Dow Jones Industrial Average rose 0.2% to 16,550, the S&P 500 slipped 0.1% to 1,875, and the Nasdaq Composite fell 0.4% to 4,051.
Overnight in Japan, the Nikkei 225 rose 0.3% to 14,199 and the broader Topix added 0.5% to 1,165. And in China, the Shanghai Composite lost 0.2% to 2,011, and the CSI 300 was 0.1% lower at 2,133.
In the forex markets this morning, sterling was trading against the US dollar at 1.6927 and against the euro at 1.2236. The dollar was trading at 0.7228 against the euro and 101.72 against the Japanese yen.
And today, the Co-operative Bank announced it is to raise £400m in capital through the issue of new shares. The sale will reduce the Co-operative Group’s share of the bank from 30% to 20%, although it will remain as the bank’s largest shareholder.