Global markets roundup, 24 December

• FTSE 100 up 1.1% to 6,678

• Gold down 0.37% to $1,198.82/oz

• £/$ – 1.6356

The FTSE 100 saw big gains in the last full day’s trading before Christmas. The index rose 1.1% to close at 6,678.

Chipmaker Arm Holdings was the day’s highest climber, up 3.9%. While at the other end of the table, Royal Mail marked its debut on the FTSE 100 with a 1.9% fall.

In Europe, the Paris CAC 40 rose 22 points to 4,215, and the German Xetra Dax added 88 points to 9,488.

In the US, the Dow Jones Industrial Average and the S&P 500  each rose 0.5% to 16,294 and 1,827 respectively, and the Nasdaq Composite was 1.1% higher at 4,148.

Overnight in Asia, Japan’s Nikkei 225 rose 0.1% to 15,889, and the broader Topix slipped 0.3% to 1,257. And in China, the Shanghai Composite and the CSI 300 each rose 0.2% to 2,092 and 2,288 respectively.

Brent spot was trading at $111.63 early today, and in New York, crude oil was at $98.77. Spot gold was trading at $1,199 an ounce, silver was at $19.28 and platinum was at $1,323.

In the forex markets this morning, sterling was trading against the US dollar at 1.6326 and against the euro at 1.1937. The dollar was trading at 0.7312 against the euro and 104.23 against the Japanese yen.

And in the UK, property prices will rise by between 4% and 8% in 2014, according to the latest estimate from the Halifax. Growth would be spread around all regions of the country, it said. But it dismissed claims that house prices were in a bubble.

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

ScreenHunter_01 Mar. 25 09.51

New to MoneyWeek?

Ed Bowsher Editor Money Week

Welcome, and thank you for visiting us.

Here at MoneyWeek, our aim is simple. To give you intelligent and enjoyable commentary on the most important financial stories of the week, and tell you how to profit from them.

If you've enjoyed what you've read so far, I've got something you'll definitely be interested in.

Every working day the MoneyWeek team sends out a hard-hitting email, 'Money Morning', giving you a rundown of the latest financial events, and revealing what you should do to maximise profits and head off losses…

And with your permission, I'd like to send you Money Morning for FREE.

To sign-up enter your email address below.

We hope you enjoy your stay on the site. Good luck with your investments!

Ed Bowsher,
Digital Managing Editor, MoneyWeek

(No thanks)

Because these emails are completely free, we do have to fund them with advertising. Occasionally we will send you promotional emails, however we will never give, sell or rent your email address to any other companies.For more information, please see our Privacy policy.

Comment on this article

MoneyWeek magazine

Latest issue:

Magazine cover
Walking out on the banks

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 3 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

The problem with the Bank of England

Fracking: Nine reasons not to get carried away

Five small-cap stocks worth a flutter

This Dutch company could help us tame floods

ScreenHunter_01 Mar. 25 09.51

Get the latest tips and investment opportunities from MoneyWeek magazine: Claim 3 FREE issues HERE