• FTSE 100 up 0.1% to 6,457
• Gold up 0.26% to $1,257.92/oz
• £/$ – 1.6309
The FTSE 100 halted its decline yesterday, closing up 0.1% at 6,457.
Tullow Oil was the day’s best performer, up 7.1% after renewed speculation of a takeover by Norway’s Statoil. Precious metals miners Fresnillo and Randgold, were also in demand, rising 2.5% and 2% respectively.
In Europe on Friday, the Paris CAC 40 was flat at 4,117, and the German Xetra Dax slipped 11 points to 9,116.
In the US, the Dow Jones Industrial Average fell five points to 15,440, the S&P 500 lost 0.2% to 1,751, and the Nasdaq Composite was 0.5% lower at 4,011.
In Asia, the Nikkei 225 slipped 0.2% to 14,155 and the broader Topix index was unchanged at 1,162. China’s markets remained closed for a public holiday.
In the forex markets this morning, sterling was trading against the US dollar at 1.6294 and against the euro at 1.2043. The dollar was trading at 0.7319 against the euro and 101.40 against the Japanese yen.
And today, AstraZeneca announced a big fall in profits. Pre-tax profits for the year fell by 57% to $3.3bn, compared with $7.6bn in 2012. Revenue fell by 8% to $25.7bn.