Global markets roundup, 11 April

• FTSE 100 up 0.1% to 6,641

• Gold up 0.54% to $1,318.90/oz

• £/$ – 1.6785

The FTSE 100 nudged higher yesterday, climbing 0.1% to close at 6,641.

Property stocks were in demand. Land Securities was the day’s highest climber, up 2.9%, and British Land added 1.1%. And precious metals miners tracked the price of gold up – Fresnillo added 1.8% and Randgold was 1.5% higher.

In Europe yesterday, the Paris CAC 40 fell 29 points to 4,413 and the German Xetra Dax lost 52 points to 9,454.

In the US, the Dow Jones Industrial Average lost 1.6% to 16,170, the S&P 500 slid 2.1% to 1,833, and the Nasdaq Composite was 3.1% lower at 4,054.

Overnight in Japan, the Nikkei 225 fell 2.4% to 13,960, and the broader Topix index  lost 1.3% to 1,134. And in China, the Shanghai Composite fell 0.2% to 2,130, and the CSI 300 slipped 0.1% to 2,270.

Brent spot was trading at $107.42 early today, and in New York, crude oil was at $103.25. Spot gold was trading at $1,318 an ounce, silver was at $19.88 and platinum was at $1,452.

In the forex markets this morning, sterling was trading against the US dollar at 1.6782 and against the euro at 1.2078. The dollar was trading at 0.7196 against the euro and 101.80 against the Japanese yen.

And today, the Co-operative Bank announced a loss of £1.3bn in 2013. It said it would not make a profit in 2014 or 2015, and plans to close up to 44 high street branches.

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




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.


6 May 1840: the launch of the Penny Black stamp 


Britain's postal system underwent radical reform on this day in 1840, with the introduction of the Universal Penny Post and the Penny Black stamp.

The Kids' Portfolio: the four best funds to buy for your children

Investing for your children's long-term future is an excellent idea. But what should you buy? The Kids' Portfolio is a simple collection of four funds intended to be tucked away for 20 to 40 years.