Global markets roundup, 26 August

• FTSE 100 down 0.04% to 6,775
• Gold down 0.2% to $1,276.90/oz
• £/$ – 1.6579

The FTSE 100 edged a fraction lower before the bank holiday weekend to close at 6,775.

Miners took the brunt of the sell-off. Fresnillo fell 1.8%, BHP Billiton was down 1.4% and Rio Tinto 1.2%.

However, Royal Mail led Friday’s climbers with a gain of 2.2%.

In Europe yesterday, the Paris CAC 40 rose 89 points to 4,342, and the German Xetra Dax gained 171 points to 9,510.

In the US, the Dow Jones Industrial Average rose 0.4% to 17,077, the S&P 500 added 0.5% to 1,998, and the Nasdaq Composite was 0.4% higher at 4,557.

Overnight in Asia, Japan’s Nikkei 225 fell 0.6% to 15,521, and the broader Topix index was down 0.5% to 1,285. And in China, the Shanghai Composite fell 1.0% to 2,207, and the CSI 300 slid 0.8% to 2,324.

Brent spot was trading at $102.91 early today, and in New York, crude oil was at $93.70. Spot gold was trading at $1,289 an ounce, silver was at $19.46 and platinum was at $1,418.

In the forex markets this morning, sterling was trading against the US dollar at 1.6583 and against the euro at 1.2559. The dollar was trading at 0.7573 against the euro and 103.87 against the Japanese yen.

And in the UK, pre-tax profits at WPP rose 1.5% to £532m. However, the chief executive at the world’s largest advertising agency, Martin Sorrell, said that the strong pound had “ravaged” revenue figures, which would have been 15.6% higher without currency movements.

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