Global markets roundup, 15 August

• FTSE 100 up 0.4% to 6,685

• Gold up 0.05% to $1,313.57/oz

• £/$ – 1.6686

The FTSE 100 saw further gains yesterday, climbing 0.4% to close at 6,685.

Highest climber was oil services company Petrofac, which added 3.2%. Property companies also performed well – British Land rose 2.5%, and Land Securities added 2.3%.

In Europe, the Paris CAC 40 rose nine points to 4,205, and the German Xetra Dax added 27 points to 9,225.

In the US, the main markets rose in uniform, each adding 0.4%. The Dow Jones Industrial Average closed at 16,713, the S&P 500 hit 1,955, and the Nasdaq Composite ended the day at 4,453.

Overnight in Japan, the Nikkei 225 rose four points to 15,318, and the broader Topix index was unchanged at 1,270. And in China, the Shanghai Composite rose 0.9% to 2,226, and the CSI 300 was 1.1% higher at 2,360.

Brent spot was trading at $102.24 early today, and in New York, crude oil was at $95.35. Spot gold was trading at $1,313 an ounce, silver was at $19.81 and platinum was at $1,455.

In the forex markets this morning, sterling was trading against the US dollar at 1.6685 and against the euro at 1.2477. The dollar was trading at 0.7477 against the euro and 102.54 against the Japanese yen.

And today, BHP Billiton, the world’s largest miner, said it is to divest ‘non-core’ assets worth up to $12bn – many acquired when BHP merged with Billiton in 20001 – into a new corporation, in order to focus on iron, copper, coal and petroleum.

Merryn

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