Global markets roundup, 10 June

• FTSE 100 up 0.2% to 6,875

• Gold down 0.07% to $1,253.34/oz

• £/$ – 1.6803

The FTSE 100 edged higher yesterday, adding 0.2% to close at 6,875.

Housebuilders were in demand. Barratt Developments led the index up with a 2.5% rise, and Persimmon rose 1.2%. Other top performers included Sports Direct, which added 1.5%, and ARM Holding and RBS, which each rose 1.4%.

In Europe, the Paris CAC 40 rose eight points to 4,589, and the German Xetra Dax rose 21 points to 10,008.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.1% to 16,943 and 1,951 respectively, and the Nasdaq Composite was 0.3% higher at 4,336.

Overnight in Japan, the Nikkei 225 slid 0.9% to 14,994 and the broader Topix fell0.5% to 1,228. And in China, the Shanghai Composite rose 1.1% to 2,052, and the CSI 300 was 1.3% higher at 2,161.

Brent spot was trading at $110.06 early today, and in New York, crude oil was at $104.79. Spot gold was trading at $1,256 an ounce, silver was at $19.04 and platinum was at $1,462.

In the forex markets this morning, sterling was trading against the US dollar at 1.6809 and against the euro at 1.2366. The dollar was trading at 0.7356 against the euro and 102.27 against the Japanese yen.

And in the UK, retail sales growth slowed in May, according to the British Retail Consortium. Total sales rose by 2%, down from 5.7% in April. Like-for-like sales grew by 0.5%. Clothing drove much of the growth, but food sales fell by 0.2% in the last three months, the first fall in six years..

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

MoneyWeek magazine

Latest issue:

Magazine cover
The hunt for water

The most valuable commodity

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

Robert Shiller: why one of the world's smartest economists is worried about the bond market

Merryn Somerset Webb talks to Yale professor and Nobel Prize winner Robert Shiller about how the power of 'stories' drives the global economy and creates financial bubbles.


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.


27 February 1900: The Labour Party is launched

Responding to the need for a single political party to represent the trade unions, the Labour Party was formed on this day in 1900, led by MP Keir Hardie.