Global markets roundup, 13 May

• FTSE 100 up 0.6% to 6,851

• Gold up 0.55% to $1,295.83/oz

• £/$ – 1.6868

The FTSE 100 started the week in a positive mood yesterday, climbing 0.6% to close at 6,851.

Miners were in the driving seat. Rio Tinto was the day’s highest climber, up 4.8%. Antofagasta, BHP Billiton and Anglo American were also in demand, rising between 3.5% and 2.3%.

In Europe yesterday, the Paris CAC 40 rose 16 points to 4,493, and the German Xetra Dax added 121 points to 9,702.

In the US yesterday, the Dow Jones Industrial Average rose 0.7% to 16,695, the S&P 500 gained 1% to 1,896, and the Nasdaq Composite added 1.8% to 4,143.

Overnight in Japan, the Nikkei 225 jumped 2% to 14,425 and the broader Topix gained 1.8% to 1,178. And in China, the Shanghai Composite slipped 0.1% to 2,050, and the CSI 300 was 0.2% lower at 2,174.

Brent spot was trading at $108.36 early today, and in New York, crude oil was at $100.64. Spot gold was trading at $1,292 an ounce, silver was at $19.40 and platinum was at $1,431.

In the forex markets this morning, sterling was trading against the US dollar at 1.6866 and against the euro at 1.2251. The dollar was trading at 0.7263 against the euro and 102.30 against the Japanese yen.

And today, easyJet cut its losses in the last six months as revenue rose. The airline made a pre-tax loss of £53m, down from £61m for the same period in 2013. But revenue rose by 6.3% as the number of business travellers increased.

Merryn

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