Markets: FTSE 100 climbs higher on ECB stimulus plans
The FTSE 100 hit a new record high yesterday, as investors were encouraged by details of the ECB’s stimulus plans. The index closed up 0.6% at 6,961.
- FTSE 100 up 0.6% to 6,961
- Gold down 0.16% to $1,198.34/oz
- £/$ - 1.5240
Financial stocks were the top performers. Friends Life and Aviva were the highest climbers of the day, each adding 7.1%. Fund manager Schroders gained 4.8% and Standard Life was 4.4% higher.
In European markets, the Paris CAC 40 rose 0.9% to 4,963, and the German Xetra Dax added 1% to 11,504.
In the US, the Dow Jones Industrial Average rose 1.2% to 18,135, the S&P 500 added 0.1% to 2,101, and the Nasdaq Composite was 0.3% higher at 4,982.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Overnight in Japan, the Nikkei 225 rose 0.6% to 18,971, and the broader Topix index gained 1.1% to 1,540. And in China, the Shanghai Composite slipped 0.2% to 3,241, and the CSI 300 lost 0.5% to 3,478.
Brent spot was trading at $60.82 early today, and in New York, crude oil was at $50.94. Spot gold was trading at $1,197 an ounce, silver was at $16.07 and platinum was at $1,175.
In the forex markets this morning, sterling was trading against the US dollar at 1.5217 and against the euro at 1.3827. The dollar was trading at 0.9086 against the euro and 120.09 against the Japanese yen.
And today, furniture retailer DFS is to float on the stock exchange. Shares are priced at 255p, giving it a market capitalisation of £543.2m. The company was founded in 1969, and has 105 stores in the UK, Ireland and the Netherlands.
David Stevenson, former MoneyWeek writer and director of The Fleet Street Letter, believessilver could be about to start a record climb. Click here(capital at risk)to read about the three irresistible forces David believes could push the price of silver through the roof.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
1,000 children hold over £100,000 in a junior ISA – how to grow tax-free nest egg for your child
Junior ISAs can be a tax-efficient way to grow a nest egg for your child. We explain how they work
-
How to start investing: a beginner’s guide
Getting started in investing is a great way to make your money work harder for you over the long term, as investments tend to outperform cash savings