Global markets report, 13 February

• FTSE 100 up 2 points to 6,675

• Gold down 0.02% to $1,291.18/oz

• £/$ – 1.6596

The FTSE 100 was virtually unchanged yesterday, rising just two points to close at 6,675.

Mining stocks were once again in demand. Antofagasta was the day’s top performer with a 2.7% rise, while Rio Tinto and Glencore Xstrata each added 1.3%.

In Europe yesterday, the Paris CAC 40 rose 22 points to 4,305, and the German Xetra Dax added 62 points to 9,540.

In the US, the Dow Jones Industrial Average slipped 0.2% to 15,963, the S&P 500 was flat at 1,819, and the Nasdaq Composite was 0.2% higher at 4,201.

Overnight in Japan, the Nikkei 225 slid 1.8% to 14,534 and the broader Topix index lost 1.6% to 1,199. And in China, the Shanghai Composite fell 0.6% to 2,098, and the CSI 300 lost 0.5% to 2,279.

Brent spot was trading at $108.37 early today, and in New York, crude oil was at $99.67. Spot gold was trading at $1,287 an ounce, silver was at $20.12 and platinum was at $1,392.

In the forex markets this morning, sterling was trading against the US dollar at 1.6632 and against the euro at 1.2205. The dollar was trading at 0.7338 against the euro and 102.17 against the Japanese yen.

And today, Lloyds Banking Group announced a profit for the first time since the taxpayer bailed it out to the tune of £20.5bn. Lloyds made a pre-tax profit of £415 in 2013, compared with a loss of £606m in 2012. The bank has put aside £395m for bonuses, with chief executive Antonio Horta Osario receiving £1.7m.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

MoneyWeek magazine

Latest issue:

Magazine cover
Party's over for Putin

The only portfolio safe from Russia's rout

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Hedge fund manager Hugh Hendry: 'It felt like the sun rose only to humiliate me'

In a series of three short videos, Merryn Somerset-Webb talks to Hugh Hendry, manager of the Eclectica hedge fund, about everything from China to the US, Europe, and Japan.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


19 December 1932: BBC World Service begins

The first royal Christmas message by George V gave the fledgling World Service an early boost six days after it was founded in 1932.