What happened yesterday?
London stocks moved into the red yesterday, as investors awaited a testimony on stimulus by incoming US Treasury Secretary Janet Yellen. The FTSE 100 closed the session down 0.11% at 6,712.95, and the FTSE 250 was 0.18% weaker at 20,602.89. Sterling had a mixed day, last reaching 0.26% on the dollar to $1.3622, but losing 0.11% against the euro to €1.1238.
In the US, the Dow Jones Industrial Average rose 0.38%, to 30,930.52, the S&P 500 gained 30.66 points, or 0.81%, to 3,798.91 and the Nasdaq Composite added 198.68 points, or 1.53%, to 13,197.18.
In company news:
Netflix has added more than 8.5m paid subscribers in the four months to 31 December, beating analysts’ expectations of 6.1m.
Public spending watchdog National Audit Office released a report on public broadcaster BBC, warning it needs to be ready that its licence fee income may fall further still.
HSBC has announced the closure of 82 UK branches under the claim that just one customer in ten still visits a high street location.