Global markets report, 13 January

• FTSE 100 up 0.7% at 6,739

• Gold up 1.67% to $1,248.45/oz

• £/$ – 1.6483

The FTSE 100 shrugged off poor jobs data from the US on Friday, adding 0.7% to close at 6,739.

Tullow Oil was the day’s highest climber with a 7.6% rise after rumours of a takeover bid by Norway’s Statoil. Other top climbers included housebuilder Persimmon, which gained 6.3%, and Royal Mail, which was 3.9% higher.

In Europe yesterday, the Paris CAC 40 rose 25 points to 4,250, and the German Xetra Dax gained 52 points to 9,473.

In the US, the Dow Jones Industrial Average fell 0.1% to 16,437, the S&P 500 rose 0.2% to 1,842, and the Nasdaq Composite was 0.4% higher at 4,174.

In Japan, markets were closed for a public holiday. And in China, the Shanghai Composite lost 0.2% to 2,009, and the CSI 300 was 0.5% lower at 2,193.

Brent spot was trading at $107.18 early today, and in New York, crude oil was at $92.33. Spot gold was trading at $1,253 an ounce, silver was at $20.03 and platinum was at $1,432.

In the forex markets this morning, sterling was trading against the US dollar at 1.6435 and against the euro at 1.2025. The dollar was trading at 0.7316 against the euro and 103.35 against the Japanese yen.

And in the UK, Sports Direct has bought a 4.6% stake in Debenhams. The sports clothing retailer said that it had bought 56.8 million shares without the knowledge of the Debenhams board. Debenhams’ shares had fallen sharply after issuing a profit warning at the end of 2013

Merryn

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