Global markets roundup, 26 February

• FTSE 100 down 0.5% to 6,830

• Gold up 0. 27% to $1,340.64/oz

• £/$ – 1.6681

The FTSE 100 fell back from Monday‘s highs yesterday, slipping 0.5% to close at 6,830.

Miners dragged the index down as metals prices fell. Fresnillo was the day’s worst performer with a 3% fall, while Rio Tinto, Anglo American and Antofagasta lost between 2.8% and 2%.

In Europe yesterday, the Paris CAC 40 slipped five points to 4,414, and the German Xetra Dax lost nine points to 9,699.

In the US, the Dow Jones Industrial Average fell 0.2% to 16,179, and the S&P 500 and the Nasdaq Composite each lost 0.1% to 1,845 and 4,287 respectively.

Overnight in Japan, the Nikkei 225 fell 0.5% to 14,970 and the broader Topix slid 0.7% to 1,225. And in China, the Shanghai Composite rose 0.4% to 2,041, and the CSI 300 added 0.3% to 2,163.

Brent spot was trading at $109.44 early today, and in New York, crude oil was at $101.77. Spot gold was trading at $1,342 an ounce, silver was at $21.88 and platinum was at $1,431.

In the forex markets this morning, sterling was trading against the US dollar at 1.6675 and against the euro at 1.2137. The dollar was trading at 0.7278 against the euro and 102.30 against the Japanese yen.

And today, housebuilder Taylor Wimpey reported a 50% rise in profits for 2013. The company made a pre-tax profit of £306.2m, up from £204.2m in 2012. Revenue rose to £2.29bn, up from £2.02bn in the previous year.

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