Markets: FTSE100 bounces off its low
The FTSE 100 bounced back off its low yesterday, adding 1.8% to close at 5,773.
- FTSE 100 up 1.8% to 5,773
- Gold up 0.03% to 1,101.24/oz
- £/$ - 1.4221
Pearson led the index up, climbing 17.8%, despite announcing a profit warning and the loss of 4,000 jobs one in ten of its staff. Miners came back strongly, too, with Glencore up 15.5%, Anglo American adding 12.2%, and BHP Billiton 10.7% higher.
In Europe, the Paris CAC 40 rose 2% to 4,206, and the German Xetra Dax added 1.9% to 9,574.
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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.
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