Markets: FTSE100 bounces off its low

FTSE 100 up 1.8% to 5,773
Gold up 0.03% to 1,101.24/oz
£/$ - 1.4221

FTSE 100

In Europe, the Paris CAC 40 rose 2% to 4,206, and the German Xetra Dax added 1.9% to 9,574.

MoneyWeek

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

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

In the US, the Dow Jones Industrial Average gained 0.7% to 15,882, the S&P 500 rose 0.5% to 1,868, and the Nasdaq Composite added one point to 4,472.

Overnight in Japan, the Nikkei 225 rose 5.9% to 16,958, and the broader Topix index gained 5.6% to 1,374. And in China, the CSI 300 rose 1% to 3,113, and the Shanghai Composite added 1.3% to 2,916.

Brent spot was trading at $30.53 early today, and in New York, crude oil was at $30.61. Spot gold was trading at $1,096 an ounce, silver was at $14.10 and platinum was at $819.

In the forex markets this morning, sterling was trading against the US dollar at 1.4246 and against the euro at 1.3138. The dollar was trading at 0.9222 against the euro and 118.07 against the Japanese yen.

And in the UK, Jaguar Land Rover has overtaken Nissan to become the country's biggest car manufacturer. The company, rescued from collapse by India's Tata group in 2009, made 489,923 cars last year, up 9%. Nissan's production fell by 4.7% to 476,586.

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.