Global markets roundup, 22 May

FTSE 100 up 0.3% to 6,821
Gold down 0.2% to $1,291.99/oz
£/$ – 1.6900

The FTSE 100 was back on the rise again yesterday, spurred by positivity in the US markets. The index climbed 0.3% to close at 6,821.

Retailer Sports Direct was the day’s highest climber, up 3.7%. AstraZeneca was also in demand with a 2.6% rise.

In Europe, the Paris CAC 40 rose 17 points to 4,469, and the German Xetra Dax added 58 points to 9,697.

In the US on Friday, the Dow Jones Industrial Average rose 1% to 16,533, the S&P 500 added 0.8% to 1,888, and the Nasdaq Composite was 0.9% higher at 4,131.

Overnight in Japan, the Nikkei 225 leapt 2.1% to 14,337 and the broader Topix gained 1.7% to 1,169. And in China, the Shanghai Composite and the CSI 300 each fell 0.2% to 2,021 and 2,131 respectively.

Brent spot was trading at $110.53 early today, and in New York, crude oil was at $103.95. Spot goldwas trading at $1,295 an ounce, silver was at $19.54 and platinum was at $1,476.

In the forex markets this morning, sterling was trading against the US dollar at 1.6898 and against the euro at 1.2351. The dollar was trading at 0.7309 against the euro and 101.54 against the Japanese yen.

And in the UK, Unilever has said it is to sell its North American pasta sauce businesss, which includes the Ragu and Bertolli brands, to Japanese food group Mizkan for $2.15bn. The two brands account for annual sales of $600m.

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