Global markets roundup, 6 February

• 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.

Brent spot was trading at $106.45 early today, and in New York, crude oil was at $97.63. Spot gold was trading at $1,260 an ounce, silver was at $20.06 and platinum was at $1,379.

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.

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

MoneyWeek magazine

Latest issue:

Magazine cover
Heading higher?

Or are house prices set to fall?

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

'Would you rather upset God, or have Him just ignore you?'

In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.


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.


21 November 1969: The first permanent Arpanet link

A milestone in the formation of the internet, the first permanent Arpanet link was established on this day in 1969 between researchers in the United States.