Global markets roundup, 6 May

• FTSE 100 up 0.2% to 6,822

• Gold up 0.82% to $1,310.27/oz

• £/$ – 1.6866

The FTSE 100 went in to the long weekend in a positive mood on Friday, climbing 0.2% to close at 6,822.

InterContinental Hotels and Royal Bank of Scotland were the day’s standout performers, each rising 8.2% after posting a strong set of results. Miners were also in demand, with Antofagasta, BHP Billiton, Rio Tinto and Randgold up between 1.9% and 1.3%.

In Europe yesterday, the Paris CAC 40 rose four points to 4,462, and the German Xetra Dax fell 27 points to 9,529.

In the US yesterday, the Dow Jones Industrial Average rose 0.1% to 16,530, the S&P 500 gained 0.2% to 1,884, and the Nasdaq Composite gained 0.3% to close at 4,138.

Japan’s markets were closed for a public holiday. And in China, the Shanghai Composite and the CSI 300 each rose one point to 2,028 and 2,157 respectively.

Brent spot was trading at $107.78 early today, and in New York, crude oil was at $99.60. Spot gold was trading at $1,314 an ounce, silver was at $19.58 and platinum was at $1,450.

In the forex markets this morning, sterling was trading against the US dollar at 1.6932 and against the euro at 1.2160. The dollar was trading at 0.7181 against the euro and 102.01 against the Japanese yen.

And today, Barclays reported a fall in profits in the last quarter. Profits fell by 5% to £1.7bn, dragged down by a 49% plunge in profits at in its investment banking arm. Profits from retail banking rose by 20% to £360m.

Merryn

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