Global markets roundup, 7 July

• FTSE 100 up one point to 6,866

• Gold down 0.08% to $1,320.55/oz

• £/$ – 1.7160

The FTSE 100 ended the day virtually unchanged on Friday, closing up just under one point at 6,866.

Credit reference agency Experian was the day’s highest climber, up 1.8% after being rated a ‘buy’ by Deutsche Bank. Sports Direct was the biggest faller of the day with a 2.1% fall. Commercial property companies also had a bad day – British Land lost 1.4% and Land Securities fell 0.9%.

In Europe, the Paris CAC 40 fell 31 points to 4,468, and the German Xetra Dax slipped 20 points to 10,009.

US markets were closed for a public holiday.

Overnight in Japan, the Nikkei 225 and the broader Topix index each fell 0.4% to 15,379 and 1,279 respectively. And in China, the Shanghai Composite was unchanged at  2,059, and the CSI 300 was 0.1% lower at 2,176.

Brent spot was trading at $110.54 early today, and in New York, crude oil was at $103.80. Spot gold was trading at $1,314 an ounce, silver was at $20.90 and platinum was at $1,495.

In the forex markets this morning, sterling was trading against the US dollar at 1.7147 and against the euro at 1.2616. The dollar was trading at 0.7357 against the euro and 102.02 against the Japanese yen.

And in the UK, housebuilder Taylor Wimpey said that it had increased the rate it is building houses by 11% in the first half of the year, building 5,766 homes at an average price of £206,000. 42% of the homes it sold were under the government’s Help To Buy scheme. The company expects earnings to be up by 16%.

Merryn

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