Global markets roundup, 24 March

• FTSE 100 up 0.2% to 6, 557

• Gold down 0.13% to $1,327.88/oz

• £/$ – 1.6504

The FTSE 100 ended the week in a positive mood, adding 0.2% to close at 6,557.

Utility stocks were among the best performers, with Centrica, Severn Trent and United Utilities up between 2.1% and 1.8%. Miners were also in demand,. But financial stocks continued to suffer from the post-Budget blues. Legal & General, Aberdeen Asset Management, Hargreaves Lansdown, and Aviva slid between 3.3% and 2.7%.

In Europe on Friday, the Paris CAC 40 rose eight points to 4,335 and the German Xetra Dax gained 46 points to 9,342.

In the US, the Dow Jones Industrial Average fell 0.2% to 16,302, the S&P 500 lost 0.3% to 1,866, and the Nasdaq Composite slid 1% to 4,276.

Overnight in Japan, the Nikkei 225 rose 1.8% to 14,475, and the broader Topix added 1.5% to 1,163. And in China, the Shanghai Composite rose 0.9% to 2,066, and the CSI 300 added 0.8% to 2,176.

Brent spot was trading at $106.64 early today, and in New York, crude oil was at $99.51. Spot gold was trading at $1,323 an ounce, silver was at $20.15 and platinum was at $1,431.

In the forex markets this morning, sterling was trading against the US dollar at 1.6490 and against the euro at 1.1954. The dollar was trading at 0.7249 against the euro and 102.55 against the Japanese yen.

And in the UK, the Co-operative Bank has revealed that it needs to find another £400m after discovering a hole in its accounts. The bank said that the deficit, which relates to compensation for PPI and mortgage mis-selling, meant it would make a loss of between £1.2bn and £1.3bn for 2013.

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