Global markets roundup, 6 January

• FTSE 100 up 0.2% to 6,730

• Gold up 1.0% to $1,237.01/oz

• £/$ – 1.6418

 The FTSE 100 edged higher on Friday after a host of positive economic figures lifted investor confidence.

Retailers led the way in gains. Fashion chain Next added 10.0%, while Marks & Spencer was 3.9% higher.

However, at the other end of the index, paper and packaging maker Mondi fell 1.8%.

In Europe, the Paris CAC 40 rose 20 points to 4,247, and the German Xetra Dax gained 35 points to 9,435.

In the US, the Dow Jones Industrial Average rose 0.2% to 15,469, the S&P 500 slipped 0.6% to 1,831, and the Nasdaq Composite was 0.3% lower at 4,131.

Overnight in Asia, Japan’s Nikkei 225 fell 2.4% to 15,908, and the broader Topix index lost 0.8% to 1,292. And in China, the Shanghai Composite fell 1.8% to 2,045, and the CSI 300 slid 2.3% to 2,238.

Brent spot was trading at $107.37 early today, and in New York, crude oil was at $94.29. Spot gold was trading at $1,238 an ounce, silver was at $19.92 and platinum was at $1,398.

In the forex markets this morning, sterling was trading against the US dollar at 1.6375 and against the euro at 1.2027. The dollar was trading at 0.7347 against the euro and 104.53 against the Japanese yen.

And in the UK, accountancy firm BDO has reported that the high street had an “underwhelming” Christmas. Like-for-like sales were down 2.2% compared to December 2012.

• This article is taken from our free daily investment email, Money Morning. Sign up to Money Morning here.

Claim 12 issues of MoneyWeek (plus much more) for just £12!

Let MoneyWeek show you how to profit, whatever the outcome of the upcoming general election.

Start your no-obligation trial today and get up to speed on:

  • The latest shifts in the economy…
  • The ongoing Brexit negotiations…
  • The new tax rules…
  • Trump’s protectionist policies…

Plus lots more.

We’ll show you what it all means for your money.

Plus, the moment you begin your trial, we’ll rush you over THREE free investment reports:

‘How to escape the most hated tax in Britain’: Inheritance tax hits many unsuspecting families. Our report tells how to pass on up to £2m of your money to your family without the taxman getting a look in.

‘How to profit from a Trump presidency’: The election of Donald Trump was a watershed moment for the US economy. This report details the sectors our analysts think will boom from Trump’s premiership, and gives specific investments you can buy to profit.

‘Best shares to watch in 2017’: Includes the transcript from our roundtable panel of investment professionals – and 12 tips they’re currently tipping. The report also analyses key assets, including property, oil and the countries whose stock markets currently offer the most value.