Global markets roundup, 20 January

• FTSE 100 up 0.2% at 6,829

• Gold up 0.94% to $1,254.05/oz

• £/$ – 1.6424

The FTSE 100 ended the week with more modest gains on Friday, rising 0.2% to close at 6,829.

Insurer Admiral was the day’s best performer with a 6.1% rise, while sector peer Resolution added 1.9%. Property stocks were also in demand. Hammerson added 2.6% and Land Securities was 2.2% higher.

In Europe yesterday, the Paris CAC 40 rose eight points to 4,327, and the German Xetra Dax added 25 points to 9,742.

In the US, the Dow Jones Industrial Average rose 0.3% to 16,458, the S&P 500 lost 0.4% to 1,838, and the Nasdaq Composite was 0.5% lower at 4,197.

In Asia, the Nikkei 225 slipped 0.6% to 15,641, and the broader Topix index fell 0.3% to 1,293. And in China, the Shanghai Composite lost 0.7% to 1,991, and the CSI 300 slid 0.6% to 2,165.

Brent spot was trading at $106.32 early today, and in New York, crude oil was at $93.78. Spot gold was trading at $1,256 an ounce, silver was at $20.33 and platinum was at $1,461.

In the forex markets this morning, sterling was trading against the US dollar at 1.6436 and against the euro at 1.2128. The dollar was trading at 0.7378 against the euro and 104.14 against the Japanese yen.

And in England and Wales, asking prices on domestic properties rose by 1% on January, and are now 6.3% higher than a year ago, according to the latest figures from Rightmove. The average asking price now stands at £234,861. Asking prices in London rose by 7% in the last year, with the average now £514,704.

Merryn

Claim 12 issues of MoneyWeek (plus much more) for just £12!

Let MoneyWeek show you how to profit, whatever the outcome of the upcoming general election.

Start your no-obligation trial today and get up to speed on:

  • The latest shifts in the economy…
  • The ongoing Brexit negotiations…
  • The new tax rules…
  • Trump’s protectionist policies…

Plus lots more.

We’ll show you what it all means for your money.

Plus, the moment you begin your trial, we’ll rush you over THREE free investment reports:

‘How to escape the most hated tax in Britain’: Inheritance tax hits many unsuspecting families. Our report tells how to pass on up to £2m of your money to your family without the taxman getting a look in.

‘How to profit from a Trump presidency’: The election of Donald Trump was a watershed moment for the US economy. This report details the sectors our analysts think will boom from Trump’s premiership, and gives specific investments you can buy to profit.

‘Best shares to watch in 2017’: Includes the transcript from our roundtable panel of investment professionals – and 12 tips they’re currently tipping. The report also analyses key assets, including property, oil and the countries whose stock markets currently offer the most value.