Global markets roundup, 14 May

• FTSE 100 up 0.3% to 6,873

• Gold down 0.17% to $1,293.60/oz

• £/$ – 1.6826

The FTSE 100 rose again yesterday, adding 0.3% to close at 6,873, its highest for 14 years.

Housebuilders were the day’s best performers. Persimmon and Barratt Developments led the index up, each rising 3.2%. At the other end of the table EasyJet was the biggest faller, down 4.2% despite narrowing its losses over the last six months.

In Europe yesterday, the Paris CAC 40 rose 12 points to 4,505, and the German Xetra Dax added 52 points to 9,754.

In the US yesterday, the Dow Jones Industrial Average rose 0.1% to 16,715, the S&P 500 gained one point to 1,897, and the Nasdaq Composite slipped 0.3% to 4,130.

Overnight in Japan, the Nikkei 225 fell 0.1% to 14,405 and the broader Topix gained 0.4% to 1,183. And in China, the Shanghai Composite and the CSI 300 each lost 0.1% to 2,047 and 2,172 respectively.

Brent spot was trading at $109.52 early today, and in New York, crude oil was at $102.01. Spot gold was trading at $1,298 an ounce, silver was at $19.69 and platinum was at $1,462.

In the forex markets this morning, sterling was trading against the US dollar at 1.6866 and against the euro at 1.2294. The dollar was trading at 0.7289 against the euro and 102.13 against the Japanese yen.

And today, British Land reported a rise in profits for the last year. Underlying profits at the commercial property company rose by 8.4% to £297m. Net asset value rose by 15.4% as property values rose.

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