Global markets roundup, 27 August

• FTSE 100 up 0.7% to 6,823
• Gold up 0.3% to $1,281.24/oz
• £/$ – 1.6540

The FTSE 100 reversed Friday’s slight loss with a 48-point gain to close at 6,823.

Airlines led Tuesday’s climbers. International Consolidated Airlines rose 3.5%, while Easyjet added 2.7%.

But miners performed less well. Antofagasta was 1.2% lower, and Rio Tinto and Fresnillo both fell 1.0%.

In Europe, the Paris CAC 40 rose 51 points to 4,393, and the German Xetra Dax gained 78 points to 9,588.

In the US, the Dow Jones Industrial Average added 0.2% to 17,107, the S&P 500 gained 1.1% to 2,000, and the Nasdaq Composite was 0.3% higher at 4,571.

Overnight in Asia, Japan’s Nikkei 225 rose 0.1% to 15,535, as did the broader Topix index to 1,286. And in China, the Shanghai Composite also rose 0.1% to 2,209, and the CSI 300 added 0.2% to 2,328.

Brent spot was trading at $102.08 early today, and in New York, crude oil was at $93.92. Spot gold was trading at $1,285 an ounce, silver was at $19.40 and platinum was at $1,419.

In the forex markets this morning, sterling was trading against the US dollar at 1.6571 and against the euro at 1.2565. The dollar was trading at 0.7583 against the euro and 103.90 against the Japanese yen.

And in the UK, Foxtons has announced it is to pay a special dividend of £12.8m to shareholders. Pre-tax profits at the London-focused estate agents soared 29% in the first six months of the year to £23.1m.

Merryn

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