Global markets roundup, 22 July

• FTSE 100 down 0.3% to 6,728

• Gold up 0.11% to $1,312.55/oz

• £/$ – 1.7076

The FTSE 100 fell back yesterday, slipping 0.3% to close at 6,728.

Housebuilders were the worst performers – Barratt lost 2.6% and Persimmon fell 2.3% as property asking prices dipped. At the other end of the table, miners were in demand. Fresnillo added 1.6%, while Antofagasta gained 1.2% and Randgold was 0.8% higher.

In Europe, the Paris CAC 40 lost 31 points to 4,304 and the German Xetra Dax fell 108 points to 9,612.

In the US on Friday, the Dow Jones Industrial Average slipped 0.3% to 17,051, while the S&P 500 and the Nasdaq Composite each fell 0.2% to 1,973 and 4,424 respectively.

Overnight in Japan, the Nikkei 225 and the broader Topix index each rose 0.8% to 15,343 and 1,273 respectively. And in China, the Shanghai Composite added 1% to 2,075, and the CSI 300 was 1.2% higher at 2,192.

Brent spot was trading at $107.86 early today, and in New York, crude oil was at $105.02. Spot gold was trading at $1,305 an ounce, silver was at $20.80 and platinum was at $1,479.

In the forex markets this morning, sterling was trading against the US dollar at 1.7068 and against the euro at 1.2636. The dollar was trading at 0.7403 against the euro and 101.49 against the Japanese yen.

And today, Premier Foods reported a 2.1% rise in profits in the first half of the year. The owner of the Mr Kipling, Sharwoods and Bisto brands made a trading profit of £48.1m in the six months to 30 June. Sales fell by 6.1% to £364.4m, however.

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




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.


1 May 1707: the Acts of Union come into effect

 

The kingdoms of England and Scotland are unified on this day in 1707, following the Acts of Union that also settled the succession question.

The Kids' Portfolio: the four best funds to buy for your children

Investing for your children's long-term future is an excellent idea. But what should you buy? The Kids' Portfolio is a simple collection of four funds intended to be tucked away for 20 to 40 years.