Global markets roundup, 23 May

• FTSE 100 flat at 6,820

• Gold up 0.16% to $1,294.02/oz

• £/$ – 1.6870

The FTSE 100 was flat yesterday, closing down less than one point at 6,820.

Brewer SAB Miller was the day’s highest climber, up 3.5% after posting positive results. At the other end of the table, Royal Mail slumped 9.7% despite increasing profits.

In Europe, the Paris CAC 40 rose nine points to 4,478, and the German Xetra Dax gained 23 points to 9,720.

In the US on Friday, the Dow Jones Industrial Average added 0.1% to 16,543, the S&P 500 rose 0.2% to 1,892, and the Nasdaq Composite was 0.6% higher at 4,154.

Overnight in Japan, the Nikkei 225 rose 0.9% to 14,462 and the broader Topix added 1% to 1,180. And in China, the Shanghai Composite rose 0.7% to 2,034, and the CSI 300 was 0.8% higher at 2,148.

Brent spot was trading at $110.51 early today, and in New York, crude oil was at $103.82. Spot gold was trading at $1,294 an ounce, silver was at $19.47 and platinum was at $1,484.

In the forex markets this morning, sterling was trading against the US dollar at 1.6848 and against the euro at 1.2343. The dollar was trading at 0.7326 against the euro and 101.68 against the Japanese yen.

And in the UK, the newly-created Thameslink, Southern and Great Northern rail franchise, one of the country’s biggest, has been awarded to Govia, a joint venture between Britain’s Go Ahead Group and France’s Keolis. The franchise offers revenue of up to £1.2bn.

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

MoneyWeek magazine

Latest issue:

Magazine cover
Prime location

The best property buys in the eurozone

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

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.


22 May 1980: Pac-Man hits the arcades


It didn't take long for Pac-Man, or Puck Man as it was originally called in Japan, to become a worldwide craze after it was released on this day in 1980.

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.