Another day on the stock market.. the FTSE100 managed to claw back about 20 points which doesn’t sound like much but after Tuesdays dip it was enough to keep things ticking along above 10,350.

Miners had a real go of it with Rio up a couple percent and BP tagging along on some Middle East tension nobody wants to talk about properly yet. The big mover though was LSE Group flying nearly 8 percent after word got out that Elliott had built a stake.. activist money always gets people excited even when they dont know what the plan is.

Gold bugs had a decent session too, spot pushed through 5,060 and ended closer to 5,090 which is up over a percent on the day. Silver absolutely smashed it though, nearly 5 percent higher touching 85 dollars an ounce and honestly after that insane crash a couple weeks back, where it lost basically half its value in days, it’s still finding its feet. The gold silver ratio compressed down to about 60 which tells you silvers doing the catching up for now.. whether that holds is anyones guess but the physical market looks properly tight with London vault stocks still shrinking.

Over the pond Wall Street couldn’t make up its mind. Jobs data came in hot at 130 thousand against about 55 expected and everything rallied in the morning.. Dow was up 300 points at one stage looking all pleased with itself. Then the penny dropped that strong jobs means less chance of Fed cuts and the whole thing rolled over. Dow finished down about 65 points just under 50,200, S&P basically flat, Nasdaq off a fraction. Vertiv went absolutely bonkers up 24 percent on earnings which is the AI infrastructure trade still going strong, while the software lot continue getting battered on disruption fears. Zillow tanked 17 percent as well which is grim.

Barratt Redrow had a shocker back in London down 7 percent dragging housebuilders with it.. and the wealth management crowd like St James Place and AJ Bell took another kicking too. Fresnillo was one of the bright spots riding golds coat tails as youd expect.