Global markets roundup, 3 July

• FTSE 100 up 0.2% to 6,816

• Gold up 0.04% to $1,326.86/oz

• £/$ – 1.7166

The FTSE 100 built on Tuesday’s gains yesterday, adding a further 0.2% to close at 6,816.

Standard Chartered was the day’s highest climber, up 2.4% after it was reported to be selling $500m worth of private equity investments. Other top performers included Ashtead Group, which added 2.2%, and Associated British Foods, which was 2.1% higher.

In Europe, the Paris CAC 40 rose 17 points to 4,444, and the German Xetra Dax added nine points to 9,911.

In the US on Friday, the Dow Jones Industrial Average and the S&P 500 each added 0.1% to 16,976 and 1,974, and the Nasdaq Composite slipped one point to 4,457.

Overnight in Japan, the Nikkei 225 fell 0.1% to 15,348, and the broader Topix fell 0.2% to 1,278. And in China, the Shanghai Composite added 0.2% to 2,063, and the CSI 300 was 0.3% higher at 2,180.

Brent spot was trading at $110.79 early today, and in New York, crude oil was at $104.14. Spot gold was trading at $1,322 an ounce, silver was at $20.97 and platinum was at $1,497.

In the forex markets this morning, sterling was trading against the US dollar at 1.7159 and against the euro at 1.2561. The dollar was trading at 0.7320 against the euro and 101.92 against the Japanese yen.

And today, discount retailer Poundland reported a 13% rise in sales in the year to 30 March to £997m. Pre-tax profits, however, fell 19% to £21.5m, down from £26.5m the previous year.

Merryn

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