“Investors appear to be regaining their appetite for risk with most of the main markets around the world ticking up on Wednesday. Equities got a lift from renewed optimism about US/China trade talks and rising bond yields. Also of note was a decline in the yen which is positive for Japanese exports and gave a boost to the Nikkei 225 index.
“In the UK, the FTSE 100 advanced 0.5% to 7,307 with financial and mining stocks leading the charge.
“The market rebound was bad for the gold price, down 1% to $1,494 as investors backed away from safe-haven assets,” says Russ Mould, investment director at AJ Bell.