Global markets roundup, 31 January

• FTSE 100 down 0.1% to 6,538

• Gold down 1.84% to $1,243.92/oz

• £/$ – 1.6485

The FTSE 100 continued to fall yesterday, slipping a further 0.1% to close at 6,583.

Drinks company Diageo was the day’s biggest faller, down 4.7% after revealing poor growth in sales. Precious metals miners followed the price of gold down – Fresnillo fell 1.9% and Randgold was 2.2% lower.

In Europe on Friday, the Paris CAC 40 rose 24 points to 4,180, and the German Xetra Dax gained 36 points to 9,373.

In the US, the Dow Jones Industrial Average rose 0.7% to 15,743, the S&P 500 added 1.1% to 1,794, and the Nasdaq Composite was 1.8% higher at 4,123.

In Asia, the Nikkei 225 fell 0.6% to 14,914 and the broader Topix index slipped 0.3% to 1,220. China’s markets were closed for a public holiday.

Brent spot was trading at $107.66 early today, and in New York, crude oil was at $97.68. Spot gold was trading at $1,240 an ounce, silver was at $19.04 and platinum was at $1,377.

In the forex markets this morning, sterling was trading against the US dollar at 1.6464 and against the euro at 1.2146. The dollar was trading at 0.7377 against the euro and 102.49 against the Japanese yen.

And in the UK, confidence among consumers is at its highest for over six years. January’s GfK Consumer Confidence index rose by six points to -7, its highest since September 2007.

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.