Global markets roundup, 18 February

• FTSE 100 up 1.1% to 6,736

• Gold up 0.8% to $1,328.79/oz

• £/$ – 1.6714

The FTSE 100 made strong gains yesterday to close over 1% higher at 6,736.

Retail estate investment trust Hammerson was the highest climber after reporting a rise in annual profits. The Reit gained 3.1%. And Royal Bank of Scotland followed with a gain of 2.7%.

Roll-Royce Holdings was the day’s biggest faller, down 1.9%.

In Europe, the Paris CAC 40 fell five points to 4,335, and the German Xetra Dax lost six points to 9,656.

In the US, the markets were closed for Presidents’ Day.

Overnight in Asia, Japan’s Nikkei 225 rose 3.1% to 14,843, and the broader Topix index gained 2.7% to 1,224. And in China, the Shanghai Composite fell 0.8% to 2,119, and the CSI 300 slid 1.3% to 2,282.

Brent spot was trading at $109.09 early today, and in New York, crude oil was at $100.66. Spot gold was trading at $1,320 an ounce, silver was at $21.58 and platinum was at $1,419.

In the forex markets this morning, sterling was trading against the US dollar at 1.6682 and against the euro at 1.2161. The dollar was trading at 0.7291 against the euro and 102.44 against the Japanese yen.

And in the news this morning, Poundland has announced its intention to float on the London Stock Exchange. The budget high-street retailer, which is 76%-owned by Warburg Pincus, has close to 500 stores in the UK. Shares will be offered to institutional investors.

This article is taken from our FREE daily investment email, Money Morning
Receive our thought-provoking investment email every weekday morning plus occasional promotions & become a smarter investor.

Please enter a valid email address

To sign up, enter your email address:

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

MoneyWeek magazine

Latest issue:

Magazine cover
Party's over for Putin

The only portfolio safe from Russia's rout

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

Hedge fund manager Hugh Hendry: 'It felt like the sun rose only to humiliate me'

In a series of three short videos, Merryn Somerset-Webb talks to Hugh Hendry, manager of the Eclectica hedge fund, about everything from China to the US, Europe, and Japan.


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.


19 December 1932: BBC World Service begins

The first royal Christmas message by George V gave the fledgling World Service an early boost six days after it was founded in 1932.