Global markets roundup, 2 June

• FTSE 100 down 0.4% to 6,844

• Gold down 0.47% to $1,249.73/oz

• £/$ – 1.6755

The FTSE 100 ended the week on a low note on Friday, slipping 0.4% to close at 6,844.

Miners were the main drag on the index as metals prices fell. Anglo American was the day’s worst performer, down 5.7%, while Rio Tinto, BHP Billiton and Fresnillo lost between 4.1% and 3.5%.

In Europe, the Paris CAC 40 fell 21 points to 4,519, and the German Xetra Dax added five points to 9,943.

In the US, the Dow Jones Industrial Average rose 0.1% to 16,717, the S&P 500 added 0.2% to 1,923, and the Nasdaq Composite slipped 0.1% to 4,242.

Overnight in Japan, the Nikkei 225 rose 2.1% to 14,935 and the broader Topix gained 1.6% to 1,220. China’s markets were closed for a public holiday

Brent spot was trading at $109.81 early today, and in New York, crude oil was at $103.21. Spot gold was trading at $1,245 an ounce, silver was at $18.72 and platinum was at $1,440.

In the forex markets this morning, sterling was trading against the US dollar at 1.6752 and against the euro at 1.2306. The dollar was trading at 0.7346 against the euro and 101.99 against the Japanese yen.

And in the UK, GlaxoSmithKline has agreed a seven-year, £200m deal to develop cancer drugs with British biotech company Adaptimmune, according to the Financial Times. GSK recently sold its cancer drugs arm to Novartis for £9.5bn.

• 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

Bill Bonner: hold on to your cash, the real financial crisis is yet to come

Merryn Somerset Webb talks to Bill Bonner about economic cycles, and the 'catastrophic credit crisis' that will make 2008 look like a picnic.


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.


5 March 1984: the miners' strike begins


On this day in March 1984, one of Britain's most acrimonious industrial disputes began when workers at Yorkshire's Cortonwood Colliery downed tools.