Global markets roundup, 23 June

• FTSE 100 up 0.3% to 6,825

• Gold down 0.42% to $1,314.85/oz

• £/$ – 1.7013

The FTSE 100 ended the week in a positive mood on Friday, adding 0.3% to close at 6,825.

Drug-maker Shire was once again the highest climber, up 17% after it rejected a takeover bid from US firm AbbVie. Other top performers included International Consolidated Airlines, which added 2.4%, and Easyjet, which was 1.9% higher.

In Europe, the Paris CAC 40 fell 22 points to 4,541, and the German Xetra Dax slipped 17 points to 9,987.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.2% to 16,947 and 1,962 respectively. The Nasdaq Composite also added 0.2% to 4,369.

Overnight in Japan, the Nikkei 225 gained 0.1% to 15,369 and the broader Topix slipped 0.1% to 1,267. And in China, the Shanghai Composite and the CSI 300 each fell 0.1% to 2,024 and 2,134 respectively.

Brent spot was trading at $115.41 early today, and in New York, crude oil was at $107.29. Spot gold was trading at $1,316 an ounce, silver was at $20.77 and platinum was at $1,442.

In the forex markets this morning, sterling was trading against the US dollar at 1.7026 and against the euro at 1.2528. The dollar was trading at 0.7358 against the euro and 101.87 against the Japanese yen.

And in the UK, George Osborne called for a high-speed rail line to be built between Manchester and Leeds. The link would cost £7bn and create “northern powerhouse”, the chancellor said in a speech this morning.

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.