Global markets roundup, 5 August

The FTSE 100 trod water yesterday, closing virtually unchanged at 6,677.

Topping the table was product testing company Intertek, which added 6.8%, despite posting weak half-yearly results. Worst performer was International Consolidated Airlines, which lost 3.3%.

In Europe, the Paris CAC 40 rose 15 points to 4,217, and the German Xetra Dax slid 56 points to 9,154.

In the US, the Dow Jones Industrial Average rose 0.5% to 16,569, while the S&P 500 and the Nasdaq Composite each gained 0.7% to 1,938 and 4,383 respectively.

Overnight in Japan, the Nikkei 225 lost 1% to 15,320; the broader Topix index was also 1% lower at 1,263. And in China, the Shanghai Composite fell 0.2% to 2,219, and the CSI 300 was 0.3% lower at 2,369.

Brent spot was trading at $105.31 early today, and in New York, crude oil was at $98.41. Spot gold was trading at $1,292 an ounce, silver was at $20.22 and platinum was at $1,462.

In the forex markets this morning, sterling was trading against the US dollar at 1.6854 and against the euro at 1.2566. The dollar was trading at 0.7455 against the euro and 102.57 against the Japanese yen.

And today, Intercontinental Hotels reported a fall in profits in the first half of the year. Operating profit fell by 8% to $310m in the six months to 30 June, compared with $388m for the same period last year.

Merryn

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