Markets: FTSE 100 climbs back over 7,000

• FTSE 100 up 1.1% to 7,015
• Gold down 0.65% to $1,194.72/oz
• £/$ - 1.4713

Aberdeen Asset Management was the day's highest climber, up 4.2%. Sector peers Hargreaves Lansdown and Schroders were also in demand, rising 2.3% and 2% respectively.

In European markets, the Paris CAC 40 rose 1.4% to 5,208, and the German Xetra Dax added 1.1% to 12,166.

In the US, the Dow Jones Industrial Average rose 0.3% to 17,958, the S&P 500 added 0.5% to 2,091, and the Nasdaq Composite was 0.5% higher at 4,974.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues 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

Sign up

Overnight in Japan, the Nikkei 225 slipped 0.2% to 19,907, and the broader Topix index fell 0.3% to 1,589. And in China, the Shanghai Composite and the CSI 300 each rose 1.9% to 4,034 and 4,344 respectively.

Brent spot was trading at $56.67 early today, and in New York, crude oil was at $50.70. Spot gold was trading at $1,196 an ounce, silver was at $16.26 and platinum was at $1,162.

In the forex markets this morning, sterling was trading against the US dollar at 1.4678 and against the euro at 1.3823. The dollar was trading at 0.9417 against the euro and 120.47 against the Japanese yen.

And in the UK, wine retailer Majestic Wines is to buy online rival Naked Wines for £70m. Naked Wines, founder and chief executive Rowan Gormley will take over as chief executive of the combined business.