Global markets roundup, 7 March

• FTSE 100 up 0.2% to 6,788

• Gold up 1.04% to $1,350.85/oz

• £/$ – 1.6740

Markets bounced back into the black again yesterday.  The FTSE 100 gained 0.2% to close at 6,788.

Insurer Aviva was the top performer, up 8.1% after publishing a healthy set of results. Sector peer Resolution added 1.6%.

In Europe yesterday, the Paris CAC 40 rose 25 points to 4,417 and the German Xetra Dax was unchanged at 9,542.

In the US, the Dow Jones Industrial Average rose 0.4% to 16,421, the S&P 500 added 0.2% to 1,877, but the Nasdaq Composite slipped 0.1% to 4,352.

Overnight in Japan, the Nikkei 225 rose 0.9% to 15,274 and the broader Topix added 0.7% to 1,236. And in China, the Shanghai Composite fell 0.1% to 2,057, and the CSI 300 lost 0.2% to 2,68.

Brent spot was trading at $108.16 early today, and in New York, crude oil was at $101.73. Spot gold was trading at $1,353 an ounce, silver was at $21.28 and platinum was at $1,474.

In the forex markets this morning, sterling was trading against the US dollar at 1.6738 and against the euro at 1.2068. The dollar was trading at 0.7210 against the euro and 102.90 against the Japanese yen.

And in the UK, new car sales rose by 3% in February from the same month in 2012, with 68,736 cars being registered. Sales have risen every month for the last 24 months.

Merryn

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