Global markets roundup, 29 January

• FTSE 100 up 0.3% to 6,572

• Gold down 0.02% to $1,256.88/oz

• £/$ – 1.6579

The FTSE 100 bounced back yesterday after five straight days of losses. The index closed up 0.3% at 6,572.

Severn Trent led the index up with a 4.6% rise, and sector peer United Utilities added 3.3%. Financial stocks performed well too. RBS rose 3.5% and Lloyds was 3.1% higher.

In Europe on Friday, the Paris CAC 40 rose 41 points to 4,185, and the German Xetra Dax gained 57 points to 9,406.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.6% to 15,928 and 1,792 respectively, and the Nasdaq Composite was 0.4% higher at 4,097.

In Asia, the Nikkei 225 gained 2.7% to 15,383, and the broader Topix index added 2.6% to 1,256. And in China, the Shanghai Composite rose 0.6% to 2,145, and the CSI 300 was 0.4% higher at 2,227.

Brent spot was trading at $107.43 early today, and in New York, crude oil was at $97.11. Spot gold was trading at $1,254 an ounce, silver was at $19.49 and platinum was at $1,401.

In the forex markets this morning, sterling was trading against the US dollar at 1.6603 and against the euro at 1.2137. The dollar was trading at 0.7310 against the euro and 103.15 against the Japanese yen.

And in the UK, house prices rose by 0.7% in January, according to the latest figures from the Nationwide. Year on year, prices rose by 8.8%, with the average price of a home now standing at £176,491.

66% off newsstand price

12 issues (and much more) for just £12

That’s right. We’ll give you 12 issues of MoneyWeek magazine, complete access to our exclusive web articles, our latest wealth building reports and videos as well as our subscriber-only email… for just £12.

That’s just £1 per week for Britain’s best-selling financial magazine.

Click here to take advantage of our offer

Britain is leaving the European Union. Donald Trump is reducing America’s role in global markets. Both will have profound consequences for you as an investor.

MoneyWeek analyses the critical issues facing British investors on a weekly basis. And, unlike other publications, we provide you with the solutions to help you turn a situation to your financial advantage.

Take up our offer today, and we’ll send you three of our most important investment reports:

All three of these reports are yours when you take up our 12 issues for £12 offer today.

MoneyWeek has been advising private British investors on what to do with their money since 2000. Our calls over that period have enabled our readers to both make and save a great deal of money – hence our position as the UK’s most-trusted investment publication.

Click here to subscribe for just £12