Global markets roundup, 17 February

• FTSE 100 up 0.1% to 6,663

• Gold up 1.2% to $1,318.69/oz

• £/$ – 1.6747

The FTSE 100 edged higher on Friday thanks to better-than-expected growth data from the eurozone.

Fresnillo benefited from a strong rise in the price of gold. The precious metals miner gained 5.3%, while its peer, Randgold Resources, finished the day 1.9% higher.

And at the other end of the index, bottling firm Coca-Cola HBC fell 2.3%.

In Europe on Friday, the Paris CAC 40 rose 28 points to 4,340, and the German Xetra Dax gained 66 points to 9,662.

In the US, the Dow Jones Industrial Average rose 0.8% to 16,154, the S&P 500 was 0.5% higher at 1,838, and the Nasdaq Composite was 0.1% higher at 4,244.

Overnight in Asia, Japan’s Nikkei 225 rose 0.6% to 14,393, and the broader Topix index gained 0.7% to 1,192. And in China, the Shanghai Composite rose 0.9% to 2,135, and the CSI 300 gained 0.7% to 2,311.

Brent spot was trading at $109.11 early today, and in New York, crude oil was at $100.94. Spot gold was trading at $1,325 an ounce, silver was at $21.72 and platinum was at $1,425.

In the forex markets this morning, sterling was trading against the US dollar at 1.6767 and against the euro at 1.2236. The dollar was trading at 0.7298 against the euro and 101.86 against the Japanese yen.

And in the UK, asking prices for properties have risen by 6.9% year-on-year, according to property website Rightmove. That’s the biggest rise in over six years, and the average price of a house in England and Wales now stands at £251,964.

• This article is taken from our free daily investment email, Money Morning. Sign up to Money Morning here.
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