Global markets roundup, 14 August

• FTSE 100 up 0.4% to 6,656
• Gold up 0.26% to $1,312.90/oz
• £/$ – 1.6688

The FTSE 100 edged up yesterday, climbing 0.4% to close at 6,656.

Security company G4S was the day’s highest climber, up 5.3% after posting an increase in profits. At the other end of the table, insurer Admiral was the worst performer of the day, sliding 5.5%.

In Europe, the Paris CAC 40 rose 32 points to 4,194, and the German Xetra Dax added 102 points to 9,198.

In the US, the Dow Jones Industrial Average rose 0.6% to 16,651, the S&P 500 gained 0.7% to 1,946, and the Nasdaq Composite was 1% higher at 4,434.

Overnight in Japan, the Nikkei 225 and the broader Topix index each rose 0.7% to 15,314 and 1,270 respectively. And in China, the Shanghai Composite fell 0.7% to 2,206, and the CSI 300 was 1% lower at 2,335.

Brent spot was trading at $103.77 early today, and in New York, crude oil was at $97.13. Spot gold was trading at $1,317 an ounce, silver was at $19.85 and platinum was at $1,467.

In the forex markets this morning, sterling was trading against the US dollar at 1.6667 and against the euro at 1.2473. The dollar was trading at 0.7483 against the euro and 102.47 against the Japanese yen.

And today, Cineworld, the country’s largest cinema operator, reported a fall in profits for the first half of the year. Pre-tax profit for the year to 26 June fell by 16% to £13.9m. Once adjusted for one-off items related to its acquisition of Cinema City, however, profits showed a 46% increase to £25.3m. Revenue rose by 33% to 268.6m

Merryn

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