Global markets roundup, 6 August

• FTSE 100 up 0.1% to 6,682
• Gold up 0.04% to $1,288.30/oz
• £/$ – 1.6886

The FTSE 100 saw a slight rise yesterday, closing up 0.1% at 6,682.

Weir Group was the day’s top performer, up 2%. And product testing company Intertek built on Monday’s rise, adding a further 1.8%. Biggest fallers were Meggitt and Royal Mail, which lost 4.7% and 3.6% respectively.

In Europe, the Paris CAC 40 rose 15 points to 4,232, and the German Xetra Dax gained 35 points to 9,189.

In the US, the Dow Jones Industrial Average fell 0.8% to 16,429, the S&P 500 lost 1% to 1,920, and the Nasdaq Composite was 0.7% lower at 4,352.

Overnight in Japan, the Nikkei 225 lost 1.1% to 15,159, and the broader Topix index was 1% lower at 1,251. And in China, the Shanghai Composite slipped 0.1% to 2,217, and the CSI 300 fell 0.3% to 2,363.

Brent spot was trading at $104.75 early today, and in New York, crude oil was at $97.52. Spot gold was trading at $1,292 an ounce, silver was at $19.78 and platinum was at $1,453.

In the forex markets this morning, sterling was trading against the US dollar at 1.6861 and against the euro at 1.2611. The dollar was trading at 0.7479 against the euro and 102.51 against the Japanese yen.

And today, Legal & General, Britain’s biggest pensions manager, shrugged off the decline in annuity sales to post better than expected profits. Operating profits for the six months to 30 June rose by 11% to £636m. Analysts had forecast around £631m.

Merryn

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