Global markets roundup, 29 May

• FTSE 100 up 0.1% to 6,851

• Gold down 0.53% to $1,258.14/oz

• £/$ – 1.6711

The FTSE 100 edged higher again yesterday, climbing 0.1% to close at 6,851.

Smith & Nephew was the day’s best performer, up 4.3% on rumours of a takeover bid. The London Stock Exchange was also in demand, rising 2.6%. The day’s biggest faller was Royal Mail, which lost 2.7%.

In Europe, the Paris CAC 40 rose two points to 4,531, and the German Xetra Dax slipped one point to 9,939.

In the US, the Dow Jones Industrial Average and the Nasdaq Composite each fell 0.3% to 16,633 and 4,225 respectively, and the S&P 500 lost 0.1% to 1,909.

Overnight in Japan, the Nikkei 225 rose 0.1% to 14,681 and the broader Topix gained 0.2% to 1,200. And in China, the Shanghai Composite slid 0.5% to 2,040, and the CSI 300 was 0.7% lower at 2,155.

Brent spot was trading at $109.94 early today, and in New York, crude oil was at $102.74. Spot gold was trading at $1,254 an ounce, silver was at $18.83 and platinum was at $1,453.

In the forex markets this morning, sterling was trading against the US dollar at 1.6703 and against the euro at 1.2289. The dollar was trading at 0.7357 against the euro and 101.57 against the Japanese yen.

And in the UK, Tate & Lyle reported a drop in profits today. Adjusted operating profits fell by 2% to £349m in the year to 31 March. Sales fell 3% to £3.15bn.

Merryn

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