Global markets roundup, 7 January

• FTSE 100 unchanged at 6,730

• Gold up 0.09% to $1,238.07/oz

• £/$ – 1.6406

The FTSE 100 was flat yesterday after a volatile day’s trading. The index ended unchanged at 6,730.

RSA Insurance was the day’s top performer with a 6.2% gain. Miners were out of favour, however. Fresnillo led the sector down with a drop of 4.7%, while Antofagasta, Randgold and Rio Tinto lost between 4.1% and 3.1%.

In Europe, the Paris CAC 40 fell 20 points to 4,227, and the German Xetra Dax fell seven points to 9,428.

In the US, the Dow Jones Industrial Average and the S&P 500 each  lost 0.3% to 16,425 and 1,826 respectively, and the Nasdaq Composite was 0.4% lower at 4,113.

In Asia, the Nikkei 225 fell 0.6% to 15,814, and the broader Topix index lost 0.7% to 1,283. And in China, the Shanghai Composite rose 0.1% to 2,047, and the CSI 300 slipped one point to 2,238.

Brent spot was trading at $107.36 early today, and in New York, crude oil was at $93.74. Spot gold was trading at $1,246 an ounce, silver was at $20.00 and platinum was at $1,410.

In the forex markets this morning, sterling was trading against the US dollar at 1.6385 and against the euro at 1.2031. The dollar was trading at 0.7342 against the euro and 104.31 against the Japanese yen.

And in the UK, the British Chambers of Commerce predicts the rate of economic growth will gather pace this year. Several of its key indicators in the manufacturing sector were at all-time highs. Confidence among businesses is up, says the BCC, with companies believing they “can create jobs, invest and export.”

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

MoneyWeek magazine

Latest issue:

Magazine cover
China's cash problem

How to profit from it

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

Bill Bonner: hold on to your cash, the real financial crisis is yet to come

Merryn Somerset Webb talks to Bill Bonner about economic cycles, and the 'catastrophic credit crisis' that will make 2008 look like a picnic.


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.


6 March 1899: Bayer trademarks Aspirin

Chemical company Bayer was awarded a patent for its pain-relieving acetylsalicylic acid powder, or 'Aspirin', on this day in 1899. It would soon be released in tablet form.