Global markets roundup, 3 March

• FTSE 100 down one point to 6,809

• Gold down 0.37% to $1,326.44/oz

• £/$ – 1.6745

The FTSE 100 ended the week on a flat note on Friday, closing virtually unchanged at 6,809.

Bookmaker William Hill was the day’s highest climber with a 6.1% rise, despite a 6% fall in annual profits. Other top performers included packaging group Mondi and insurer Old Mutual, which each added 5.9%.

In Europe on Friday, the Paris CAC 40 rose 12 points to 4,408, and the German Xetra Dax gained 104 points to 9,692.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.3% to 16,321 and 1,859 respectively, but the Nasdaq Composite slipped 0.3% to 4,308.

Overnight in Japan, the Nikkei 225 slid 1.3% to 14,652 and the broader Topix lost 1.2% to 1,196. And in China, the Shanghai Composite rose 0.9% to 2,075, and the CSI 300 added 0.5% to 2,190.

Brent spot was trading at $111.18 early today, and in New York, crude oil was at $104.25. Spot gold was trading at $1,347 an ounce, silver was at $21.51 and platinum was at $1,452.

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 Britain’s house price recovery now covers over 50% of England and Wales, according to the latest data from Hometrack. The price of a home increased in 51% of postcodes for the first time in nearly ten years, with the average price up by 0.7% in February. London led the recovery with an average gain of 1.1%.

Merryn

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