Markets: FTSE 100 halts its slide
The FTSE 100 was back on the rise again yesterday climbing 1.1 %to close at 6,338.
- FTSE 100 up 1.1% to 6,338
- Gold down 0.09% to 1,183.10
- £/$ - 1.5459
Financial services company Hargreaves Lansdown was the day's highest climber, up 5.3%, while sector peer St James's Place added 3.3%. Other top performers included chipmakers ARM Holdings, which gained 5%, and the London Stock Exchange Group, which added 4.2%.
In Europe, the Paris CAC 40 rose 1.4% to 4,675, and the German Xetra Dax was 1.5% higher at 10,064.
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
In the US, the Dow Jones Industrial Average rose 1.3% to 17,141, the S&P 500 added 1.5% to 2,023, and the Nasdaq Composite gained 1.8% to 4,870.
Overnight in Japan, the Nikkei 225 rose 1.1% to 18,291, and the broader Topix index added 1% to 1,505. And in China, the CSI 300 gained 1.4% to 3,534, and the Shanghai Composite was 1.6% higher at 3,391.
Brent spot was trading at $50.34 early today, and in New York, crude oil was at $47.02. Spot gold was trading at $1,177 an ounce, silver was at $15.98 and platinum was at $997.
In the forex markets this morning, sterling was trading against the US dollar at 1.5469 and against the euro at 1.3603. The dollar was trading at 0.8794 against the euro and 119.12 against the Japanese yen.
And in the UK, "senior military and intelligence figures" have warned ministers that allowing state-owned Chinese firms to build nuclear power stations is a "serious threat to national security", according to the Times. Experts are worried that "trapdoors" could be built in to the systems to enable China to gain control.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Working from home: is it working?
While Labour plans to make working from home the legal default, some employers are calling workers back into the office. What does the future hold?
By Simon Wilson Published
-
International Investment Summit: will the government's growth plans boost investor portfolios?
News The government is looking to attract investment into UK projects. We explain what this could mean for your money
By Marc Shoffman Published