Global markets roundup, 17 December

• FTSE 100 up 1.3% to 6,522
• Gold up 0.2% to $1,241.30/oz
• £/$ – 1.6297

The FTSE 100 rose sharply yesterday after buyers rushed in looking for bargains. The index had been at a two-month low.

After topping the FTSE on Friday, RSA made the day’s biggest losses yesterday. The insurance stock fell 2.6%.

And energy company Aggreko made the biggest gain, climbing 8.1% after announcing full-year results should come in higher than expected.

In Europe, the Paris CAC 40 rose 60 points to 4,086, and the German Xetra Dax gained 157 points to 9,163.

In the US, the Dow Jones Industrial Average gained 0.8% to 15,759, the S&P 500 rose 0.6% to 1,786, and the Nasdaq Composite was 0.7% higher at 4,029.

Overnight in Asia, Japan’s Nikkei 225 rose 0.8% to 15,278, and the broader Topix index gained 0.7% to 1,232. And in China, the Shanghai Composite fell 0.5% to 2,151, as did the CSI 300 at 2,356.

Brent spot was trading at $108.91 early today, and in New York, crude oil was at $97.10. Spot gold was trading at $1,241 an ounce, silver was at $19.95 and platinum was at $1,357.

In the forex markets this morning, sterling was trading against the US dollar at 1.6330 and against the euro at 1.1858. The dollar was trading at 0.7261 against the euro and 102.93 against the Japanese yen.

And in the UK, Dixons announced a significant rise in pre-tax profits to £22.7m for the half year to 31 October. The electrical retailer said performance had been strong in Britain and Ireland, and that its costs reduction plan was on track.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

Comment on this article

MoneyWeek magazine

Latest issue:

Magazine cover
Walking out on the banks

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 3 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

The problem with the Bank of England

Fracking: Nine reasons not to get carried away

Five small-cap stocks worth a flutter

This Dutch company could help us tame floods

ScreenHunter_01 Mar. 25 09.51

Get the latest tips and investment opportunities from MoneyWeek magazine: Claim 3 FREE Issues HERE