Markets: financial and property stocks lift FTSE 100
The FTSE 100 bounced back yesterday, climbing 1.1% to close at 6,533.
- FTSE 100 up 1.1% to 6,533
- Gold down 0.24% to $1,360.45/oz
- £/$ 1.2908
Financial and property stocks were among the top performers. Financial services group Provident Financial rose 8.2%, while RBS, Schroders and Lloyds added between 6.5% and 4.5%. Among property stocks, housebuilders Taylor Wimpey and Barratt rose 5.4% and 4.8% respectively, and Land Securities was 4.3% higher.
The day's highest climber was Associate British Foods, which gained 9.5%.
In Europe, the Paris CAC 40 rose 0.8% to 4,117 and the German Xetra Dax added 0.5% to 9,418.
In the US, the Dow Jones Industrial Average and the S&P 500 each slipped 0.1% to 17,895 and 2,097 respectively, and the Nasdaq Composite was 0.4% higher at 4,876.
Overnight in Japan, the Nikkei 225 fell 1.1% to 15,106 and the broader Topix index lost 1.3% to 1,209. And in China, the CSI 300 slipped 0.6% to 3,192 and the Shanghai Composite was 1% lower at 2,988.
In the forex markets this morning, sterling was trading against the US dollar at 1.2945 and against the euro at 1.1688. The dollar was trading at 0.9028 against the euro and 100.63 against the Japanese yen.
And in the UK, consumer confidence has plunged in the wake of the vote to leave the EU. GfK's latest index fell from -1 in early June to -9 in the week after the vote, the biggest fall since 1994.