Global markets roundup, 20 June

• FTSE 100 up 0.4% to 6,808

• Gold up 3.34% to $1,320.39/oz

• £/$ – 1.7039

The FTSE 100 continued its rise yesterday, adding a further 0.4% to close at 6,808.

Rolls Royce was the day’s top performer, up 8.1% after announcing plans to buy back £1bn worth of shares. Construction stocks were also in demand. Housebuilder Barratt added 3.9% and building supply firms Ashtead, CRH and Travis Perkins rose between 4% and 2.6%.

In Europe, the Paris CAC 40 rose 33 points to 4,563, and the German Xetra Dax gained 74 points to 10,004.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.1% to 16,921 and 1,959 respectively, and the Nasdaq Composite was 0.1% lower at 4,359.

Overnight in Japan, the Nikkei 225 slipped 0.1% to 15,349 and the broader Topix was flat at 1,268. And in China, the Shanghai Composite rose 0.2% to 2,026, and the CSI 300 added 0.5% to 2,136.

Brent spot was trading at $114.82 early today, and in New York, crude oil was at $106.58. Spot gold was trading at $1,310 an ounce, silver was at $20.56 and platinum was at $1,454.

In the forex markets this morning, sterling was trading against the US dollar at 1.7053 and against the euro at 1.2529. The dollar was trading at 0.7347 against the euro and 101.91 against the Japanese yen.

And in the UK, department store Debenhams reported a rise in sales in the last quarter. Like for like sales rose by 0.7% in the 14 weeks to 14 June. Online sales grew by 10%, accounting for 15.2% of total sales.

Merryn

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