Global markets roundup, 2 September

• FTSE 100 up 0.1% to 6,825
• Gold down 0.1% to $1,286.00/oz
• £/$ – 1.6680

The FTSE 100 rose six points in yesterday’s trading to close at 6,825.

Broadcaster ITV led Monday’s climbers with a gain of 3.6%. And retailer Marks & Spencer followed, ending the day 2.6% higher.

But it was another bad day for supermarkets. Morrisons fell 2.3% and Tesco and Sainsbury’s were down 1.9% and 0.3% respectively.

In Europe, the Paris CAC 40 fell just one point to 4,380, but the German Xetra Dax gained nine points to 9,480.

In the US, the Dow Jones Industrial Average rose 1.1% to 17,098, the S&P 500 added 0.3% to 2,003, and the Nasdaq Composite was 0.5% higher at 4,580.

Overnight in Asia, Japan’s Nikkei 225 rose 1.2% to 15,669, and the broader Topix index gained 1.1% to 1,297. And in China, the Shanghai Composite rose 1.4% to 2,266, and the CSI 300 added 1.3% to 2,386.

Brent spot was trading at $102.55 early today, and in New York, crude oil was at $95.68. Spot gold was trading at $1,278 an ounce, silver was at $19.33 and platinum was at $1,415.

In the forex markets this morning, sterling was trading against the US dollar at 1.6568 and against the euro at 1.2621. The dollar was trading at 0.7617 against the euro and 104.83 against the Japanese yen.

And in the UK, Redrow’s full-year profits were 91% higher, thanks in part to the government’s Help to Buy scheme and a buoyant housing market. The housebuilder has doubled its dividend to 2p per share.

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

MoneyWeek magazine

Latest issue:

Magazine cover
China's cash problem

How to profit from it

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.