Global markets roundup, 17 July

• FTSE 100 up 1.1% to 6,784

• Gold up 0.4% to $1,299.20/oz

• £/$ – 1.7137

The FTSE 100 was back on the rise again yesterday, adding 1.1% to close at 6,784.

Meggitt was the day’s highest climber, up 9.6% on speculation of a US takeover. Miners were also in demand – Glencore topped the sector with a 3.6% rise, while Anglo American gained 3.3% and Rio Tinto was 2.8% higher.

In Europe, the Paris CAC 40 rose 64 points to 4,369, and the German Xetra Dax added 140 points to 9,859.

In the US on Friday, the Dow Jones Industrial Average rose 0.5% to 17,138 , the S&P 500 added 0.4% to 1,981, and the Nasdaq Composite was 0.2% higher at 4,425.

Overnight in Japan, the Nikkei 225 slipped 0.1% to 15,370, and the broader Topix was unchanged at 1,273. And in China, the Shanghai Composite and the CSI 300 each fell 0.6% to 2,055 and 2,157 respectively.

Brent spot was trading at $107.08 early today, and in New York, crude oil was at $101.45. Spot gold was trading at $1,305 an ounce, silver was at $20.77 and platinum was at $1,490.

In the forex markets this morning, sterling was trading against the US dollar at 1.7123 and against the euro at 1.2654. The dollar was trading at 0.7390 against the euro and 101.49 against the Japanese yen.

And today, Sports Direct has reported a record full-year profit. Pre-tax profits for the year to 17 April rose by 15% to £240m. Like-for-like sales rose by 10.5%, and total sales grew by 23.8% to £2.7bn.

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