Global markets roundup, 12 February

• FTSE 100 up 1.2% to 6,672

• Gold up 1.31% to $1,291.46/oz

• £/$ – 1.6450

The FTSE 100 was back in a bullish mood yesterday, rising 1.2% to close at 6,672.

Precious metals miner Fresnillo was once again the standout performer with a rise of 5.7%. Randgold added 3.9%, and Rio Tinto was 2.3% higher.

In Europe yesterday, the Paris CAC 40 rose 46 points to 4,283, and the German Xetra Dax added 189 points to 9,478.

In the US, the Dow Jones Industrial Average rose 1.2% to 15,994, the S&P 500 added 1.1% to 1,819, and the Nasdaq Composite was 1% higher at 4,191.

Overnight in Japan, the Nikkei 225 rose 0.6% to 14,800 and the broader Topix index gained 1.3% to 1,219. And in China, the Shanghai Composite and the CSI 300 each rose 0.3% to 2,109 and 2,291 respectively.

Brent spot was trading at $108.89 early today, and in New York, crude oil was at $100.58. Spot gold was trading at $1,287 an ounce, silver was at $20.07 and platinum was at $1,389.

In the forex markets this morning, sterling was trading against the US dollar at 1.6452 and against the euro at 1.2068. The dollar was trading at 0.7335 against the euro and 102.52 against the Japanese yen.

And today, consumer goods group Reckitt Benckiser reported a fall in profits for the last year, despite a rise in sales. Profit before tax fell by 3.8% to £2.3bn, down from £2.4bn in the previous year. Sales grew by 7% to £10.04bn.

Merryn

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