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.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

Comment on this article

MoneyWeek magazine

Latest issue:

Magazine cover
Cheaper oil

Who benefits?

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Vote in the MoneyWeek Readers' Choice Awards

Vote for your favourite financial services companies in the inaugural MoneyWeek Awards, and you could win a year's subscription to MoneyWeek magazine. Find out more and vote here.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.