Global markets roundup, 23 January

• FTSE 100 down 0.1% to 6,826

• Gold down 1.05% to $1,241.41/oz

• £/$ – 1.6477

The FTSE 100 slipped back slightly yesterday as investors speculated about an interest rate rise from the Bank of England. The index closed down 0.1% at 6,826.

Bookmaker William Hill was the day’s biggest faller, down 3.9%. Other poor performers included RBS, which lost 3.1%, and packaging group Mondi, which was 2.4% lower.

In Europe yesterday, the Paris CAC 40 rose one point to 4,324, and the German Xetra Dax fell ten points to 9,720.

In the US, the Dow Jones Industrial Average slipped 0.3% to 16,373, the S&P 500 added  0.1% to 1,844, and the Nasdaq Composite was 0.4% higher at 4,243.

In Asia, the Nikkei 225 lost 0.8% to 15,695, and the broader Topix index slid 0.9% to 1,287. And in China, the Shanghai Composite and the CSI 300 each fell 0.5% to 2,042 and 2,231 respectively.

Brent spot was trading at $107.87 early today, and in New York, crude oil was at $96.67. Spot gold was trading at $1,238 an ounce, silver was at $19.78 and platinum was at $1,440.

In the forex markets this morning, sterling was trading against the US dollar at 1.6610 and against the euro at 1.2186. The dollar was trading at 0.7336 against the euro and 104.39 against the Japanese yen.

And in the UK, car production in 2013 hit a six-year high, according to the Society of Motor Manufacturers and Traders (SMMT). The number of cars manufactured rose by 3.1% to over 1.5 million. The SMMT predicted growth would continue to rise, and would hit over two million by 2017.

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

MoneyWeek magazine

Latest issue:

Magazine cover
Party's over for Putin

The only portfolio safe from Russia's rout

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Hedge fund manager Hugh Hendry: 'It felt like the sun rose only to humiliate me'

In a series of three short videos, Merryn Somerset-Webb talks to Hugh Hendry, manager of the Eclectica hedge fund, about everything from China to the US, Europe, and Japan.


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.


19 December 1932: BBC World Service begins

The first royal Christmas message by George V gave the fledgling World Service an early boost six days after it was founded in 1932.