Global markets roundup, 5 March

• FTSE 100 up 1.7% to 6,823

• Gold up 1.82% to $1,350.58/oz

• £/$ – 1.6667

Markets reacted positively after Russia moved to calm the situation in Ukraine. The FTSE 100 jumped 1.7% to close at 6,823.

Construction and industrial equipment rental group Ashtead was the day’s best performer, rising 13% after reporting a good set of results. But precious metals miners’ fortunes were reversed as the price of gold fell back. Fresnillo and Randgold were the biggest fallers of the day, losing 4.7% and 1.5% respectively.

In Europe yesterday, the Paris CAC 40 rose 105 points to 4,395 and the German Xetra Dax gained 231 points to 9,589.

In the US, the Dow Jones Industrial Average rose 1.4% to 16,395, the S&P 500 added 1.5% to 1,873, and the Nasdaq Composite gained 1.8% to 4,351.

Overnight in Japan, the Nikkei 225 rose 1.2% to 14,897 and the broader Topix added 0.7% to 1,212. And in China, the Shanghai Composite fell 0.9% to 2,053, and the CSI 300 lost 0.9% to 2,163.

Brent spot was trading at $109.11 early today, and in New York, crude oil was at $103.37. Spot gold was trading at $1,336 an ounce, silver was at $21.21 and platinum was at $1,461.

In the forex markets this morning, sterling was trading against the US dollar at 1.6676 and against the euro at 1.2142. The dollar was trading at 0.7281 against the euro and 102.37 against the Japanese yen.

And today, Legal & General reported a big rise in profits for 2013 as the UK’s workers were automatically enrolled in pension schemes. Pre-tax profits rose by 10% to £1.1bn.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

MoneyWeek magazine

Latest issue:

Magazine cover
The hunt for water

The most valuable commodity

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Robert Shiller: why one of the world's smartest economists is worried about the bond market

Merryn Somerset Webb talks to Yale professor and Nobel Prize winner Robert Shiller about how the power of 'stories' drives the global economy and creates financial bubbles.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


27 February 1900: The Labour Party is launched

Responding to the need for a single political party to represent the trade unions, the Labour Party was formed on this day in 1900, led by MP Keir Hardie.