Global markets roundup, 28 February

• FTSE 100 down 0.5% to 6,799

• Gold down 0.75% to $1,330.57/oz

• £/$ – 1.6671

The FTSE 100 shrugged off early losses yesterday to end in positive territory. The index closed up 0.2% at 6,810.

Outsourcing contractor Capita was the day’s biggest riser, up 6.7% after reporting a 14% rise in profits. Whitbread added 4.9% and Rolls-Royce was 3.2% higher.

In Europe yesterday, the Paris CAC 40 was unchanged at 4,396, and the German Xetra Dax lost 73 points to 9,588.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.5% to 16,272 and 1,854 respectively, and Nasdaq Composite gained 0.6% to 4,318.

Overnight in Japan, the Nikkei 225 fell 0.6% to 14,841 and the broader Topix slid 0.5% to 1,211. And in China, the Shanghai Composite rose 0.4% to 2,056, and the CSI 300 added 1.2% to 2,178.

Brent spot was trading at $108.88 early today, and in New York, crude oil was at $102.13. Spot gold was trading at $1,330 an ounce, silver was at $21.24 and platinum was at $1,443.

In the forex markets this morning, sterling was trading against the US dollar at 1.6727 and against the euro at 1.2201. The dollar was trading at 0.7294 against the euro and 101.70 against the Japanese yen.

And today, International Airlines Group, owner of British Airways and Iberia, announced a return to profit for 2013. Pre-tax operating profits were €227m (£186m), compared with a loss of €774m last year. Revenue rose by 3.1% to €18.6bn.

Merryn

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