Global markets roundup, 30 July

• FTSE 100 up 0.3% to 6,807
• Gold down 0.38% to $1,299.01/oz
• £/$ – 1.6944

The FTSE 100 was back on the rise yesterday. The index closed up0.3% at 6,807.

Vehicle and aircraft components company GKN was the day’s highest climber, up 6.7% after a 6% rise in half-yearly profits. Retailer Next gained 2.6% after an encouraging first half performance. Worst performer of the day was Easyjet, which fell 3%.

In Europe, the Paris CAC 40 rose 21 points to 4,365, and the German Xetra Dax added 55 points to 9,653.

In the US on Friday, the Dow Jones Industrial Average fell 0.4% to 16,912, the S&P 500 lost 0.5% to 1,969, and the Nasdaq Composite slipped 0.1% to 4,442.

Overnight in Japan, the Nikkei 225 rose 0.2% to 15,646, and the broader Topix index gained 0.1% to 1,292. And in China, the Shanghai Composite fell 0.1% to 2,181, and the CSI 300 was 0.4% lower at 2,322.

Brent spot was trading at $107.65 early today, and in New York, crude oil was at $101.20. Spot gold was trading at $1,300 an ounce, silver was at $20.58 and platinum was at $1,476.

In the forex markets this morning, sterling was trading against the US dollar at 1.6934 and against the euro at 1.2631. The dollar was trading at 0.7459 against the euro and 102.15 against the Japanese yen.

And today, Barclays announced a profit of £161m in the second quarter of the year, compared with a loss of £168m in the same period last year. The figure is despite a provision of a further £900m to compensate customers for mis-sold payment protection insurance.

Merryn

Claim 12 issues of MoneyWeek (plus much more) for just £12!

Let MoneyWeek show you how to profit, whatever the outcome of the upcoming general election.

Start your no-obligation trial today and get up to speed on:

  • The latest shifts in the economy…
  • The ongoing Brexit negotiations…
  • The new tax rules…
  • Trump’s protectionist policies…

Plus lots more.

We’ll show you what it all means for your money.

Plus, the moment you begin your trial, we’ll rush you over THREE free investment reports:

‘How to escape the most hated tax in Britain’: Inheritance tax hits many unsuspecting families. Our report tells how to pass on up to £2m of your money to your family without the taxman getting a look in.

‘How to profit from a Trump presidency’: The election of Donald Trump was a watershed moment for the US economy. This report details the sectors our analysts think will boom from Trump’s premiership, and gives specific investments you can buy to profit.

‘Best shares to watch in 2017’: Includes the transcript from our roundtable panel of investment professionals – and 12 tips they’re currently tipping. The report also analyses key assets, including property, oil and the countries whose stock markets currently offer the most value.