Global markets roundup, 17 January

• FTSE 100 down 0.1% at 6,815

• Gold up 0.04% to $1,242.39/oz

• £/$ – 1.6354

The FTSE 100 paused yesterday, closing down 0.1% at 6,815.

Product testing group Intertek was the day’s biggest faller with a 3.4% drop. But miners were in demand. Antofagasta topped the index with a 5.4% rise, while Fresnillo, Anglo American, BHP Billiton and Randgold added between 5.2% and 2.7%.

In Europe yesterday, the Paris CAC 40 fell 13 points to 4,319, and the German Xetra Dax slipped 16 points to 9,717.

In the US, the Dow Jones Industrial Average fell 0.4% to 16,417, the S&P 500 lost 0.1% to 1,845, and the Nasdaq Composite was 0.1% higher at 4,218.

In Asia, the Nikkei 225 slipped 0.1% to 15,734, and the broader Topix index rose 0.2% to 1,297. And in China, the Shanghai Composite lost 0.9% to2,004, and the CSI 300 slid 1.5% to 2,178.

Brent spot was trading at $105.96 early today, and in New York, crude oil was at $94.38. Spot gold was trading at $1,240 an ounce, silver was at $19.98 and platinum was at $1,432.

In the forex markets this morning, sterling was trading against the US dollar at 1.6322 and against the euro at 1.2002. The dollar was trading at 0.7353 against the euro and 104.34 against the Japanese yen.

And today, oil giant Royal Dutch Shell has issued a profits warning. Fourth-quarter results are likely to be “significantly lower” than expectations, the company said. Earnings are now forecast to be $2.9bn (£1.8bn) – analysts had expected $4bn.

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

 

MoneyWeek magazine

Latest issue:

Magazine cover
The hunt for water

The most valuable commodity

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Robert Shiller: why one of the world's smartest economists is worried about the bond market

Merryn Somerset Webb talks to Yale professor and Nobel Prize winner Robert Shiller about how the power of 'stories' drives the global economy and creates financial bubbles.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


27 February 1900: The Labour Party is launched

Responding to the need for a single political party to represent the trade unions, the Labour Party was formed on this day in 1900, led by MP Keir Hardie.