Global markets roundup, 14 January

• FTSE 100 up 0.1% at 6,766

• Gold down 0.64% to $1,245.19/oz

• £/$ – 1.6440

The FTSE 100 climbed steadily after a poor start yesterday. The index closed up 0.1% at 6,766.

British Sky Broadcasting was the day’s best performer, up 3.8%. And pharmaceutical stocks Shire and Astrazeneca were also in demand, up 2.8% and 2.5% respectively.

In Europe yesterday, the Paris CAC 40 rose 11 points to 4,274, and the German Xetra Dax gained 30 points to 9,540.

In the US, the Dow Jones Industrial Average rose 0.7% to 16,373, the S&P 500 climbed 1.1% to 1,838, and the Nasdaq Composite was 1.7% higher at 4,183.

In Asia, the Nikkei 225 gained 2.5% to 15,808, and the broader Topix index added 2% to 1,294. And in China, the Shanghai Composite and the CSI 300 each fell 0.2%  2,023 and 2,208 respectively.

Brent spot was trading at $106.15 early today, and in New York, crude oil was at $92.50. Spot gold was trading at $1,243 an ounce, silver was at $20.06 and platinum was at $1,416.

In the forex markets this morning, sterling was trading against the US dollar at 1.6395 and against the euro at 1.2035. The dollar was trading at 0.7340 against the euro and 104.35 against the Japanese yen.

And today, Burberry reported a big rise in sales. Revenue rose by 14% to £528m in the three months to 31 December. Like for like sales grew by 12%. Growth in the first half of the year was 17%.

Merryn

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