Global markets roundup, 18 August

• FTSE 100 up 0.1% to 6,689
• Gold down 0.7% to $1,304.83/oz
• £/$ – 1.6693

The FTSE 100 edged higher on Friday to close at 6,689 despite concerns in Ukraine.

Investment group 3i made the biggest gains before the weekend, up 1.7%. And equipment rental group Ashtead followed with a gain of 1.5%.

At the other end of the index, Smith & Nephew, a maker of medical devices, fell 2.2%.

In Europe, the Paris CAC 40 fell 31 points to 4,174, and the German Xetra Dax was 132 points lower at 9,093.

In the US, the Dow Jones Industrial Average slipped 0.3% to 16,663, the S&P 500 barely budged at 1,955, and the Nasdaq Composite was 0.3% higher at 4,465.

Overnight in Asia, Japan’s Nikkei 225 was more or less flat at 15,322, and the broader Topix index gained 0.1% to 1,271. And in China, the Shanghai Composite rose 0.6% to 2,239, as did the CSI 300 to 2,375.

Brent spot was trading at $102.62 early today, and in New York, crude oil was at $96.63. Spot gold was trading at $1,300 an ounce, silver was at $19.48 and platinum was at $1,449.

In the forex markets this morning, sterling was trading against the US dollar at 1.6730 and against the euro at 1.2497. The dollar was trading at 0.7469 against the euro and 102.44 against the Japanese yen.

And in the UK, property asking prices have seen their biggest ever fall, according to Rightmove. In August, asking prices fell 2.9% – wiping off £7,758 from the previous month. Meanwhile, the fall was more severe in London, where asking prices were down by 5.9%.

Merryn

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