Global markets roundup, 14 July

• FTSE 100 up 0.3% to 6,690

• Gold up 0.21% to $1,338.62/oz

• £/$ – 1.7116

The FTSE 100 ended its run of losses on Friday, adding 0.3% to close at 6,690.

Shire was the day’s highest climber, up 5.9% after confirming it has been talking about a takeover with American firm AbbVie. Imperial Tobacco was also in demand, up 3.1%.

In Europe, the Paris CAC 40 rose 15 points to 4,316, and the German Xetra Dax added seven points to 9,666.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.2% to 16,943 and 1,967 respectively, and the Nasdaq Composite was 0.4% higher at 4,415.

Overnight in Japan, the Nikkei 225 rose 0.9% to 15,296, and the broader Topix index gained 0.8% to 1,265. And in China, the Shanghai Composite rose 1% to 2,066, and the CSI 300 added 1.1% to 2,171.

Brent spot was trading at $106.45 early today, and in New York, crude oil was at $100.28. Spot gold was trading at $1,321 an ounce, silver was at $21.16 and platinum was at $1,498.

In the forex markets this morning, sterling was trading against the US dollar at 1.7124 and against the euro at 1.2560. The dollar was trading at 0.7334 against the euro and 101.47 against the Japanese yen.

And today, pharmaceutical firm Shire said it is ready to accept an offer of £31bn from American firm AbbVie. Shire’s board said it will recommend the offer of £53.20 a share to shareholders.

Merryn

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