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.

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.