Global markets roundup, 1 May

• FTSE 100 up 0.2% to 6,780

• Gold down 0.34% to $1,291.55/oz

• £/$ – 1.6873

The FTSE 100 built on Tuesday’s strong performance yesterday, rising a further 0.2% to close at 6,780.

Housebuilder Barratt Developments was the day’s highest climber with a 5.2% rise. Other top performers included Royal Dutch Shell, up 3.7% after earnings beat expectations; and Shire, which added 3.5%.

In Europe on Thursday, the Paris CAC 40 slipped ten points to 4,487, and the German Xetra Dax rose 19 points to 9,603.

In the US yesterday, the Dow Jones Industrial Average, the S&P 500 each rose 0.3% to 16,580 and 1,883 respectively. The Nasdaq Composite also gained 0.3% to close at 4,114.

Overnight in Japan, the Nikkei 225 added 1.3% to 14,485, and the wide Topix index gained 1.7% to 1,182. China’s markets were closed for a public holiday.

Brent spot was trading at $107.80 early today, and in New York, crude oil was at $99.54. Spot gold was trading at $1,284 an ounce, silver was at $18.98 and platinum was at $1,417.

In the forex markets this morning, sterling was trading against the US dollar at 1.6881 and against the euro at 1.2155. The dollar was trading at 0.7201 against the euro and 102.18 against the Japanese yen.

And in the UK, house prices rose by 1.2% in April and are up 10.9% in the last 12 months, according to the latest figures from Nationwide. It is the biggest yearly increase since June 2007. The average price of a house now stands at £183,577.

Merryn

Claim 12 issues of MoneyWeek (plus much more) for just £12!

Let MoneyWeek show you how to profit, whatever the outcome of the upcoming general election.

Start your no-obligation trial today and get up to speed on:

  • The latest shifts in the economy…
  • The ongoing Brexit negotiations…
  • The new tax rules…
  • Trump’s protectionist policies…

Plus lots more.

We’ll show you what it all means for your money.

Plus, the moment you begin your trial, we’ll rush you over THREE free investment reports:

‘How to escape the most hated tax in Britain’: Inheritance tax hits many unsuspecting families. Our report tells how to pass on up to £2m of your money to your family without the taxman getting a look in.

‘How to profit from a Trump presidency’: The election of Donald Trump was a watershed moment for the US economy. This report details the sectors our analysts think will boom from Trump’s premiership, and gives specific investments you can buy to profit.

‘Best shares to watch in 2017’: Includes the transcript from our roundtable panel of investment professionals – and 12 tips they’re currently tipping. The report also analyses key assets, including property, oil and the countries whose stock markets currently offer the most value.