Global markets roundup, 15 October

• FTSE 100 up 0.3% to 6,507
• Gold up 0.02% to $1,272.39/oz
• £/$ – 1.5983

The FTSE 100 added to Friday’s gains yesterday, climbing a further 0.3% to close at 6,507.

Chemicals company Johnson Matthey was the day’s highest climber, up 5.9%. And Travis Perkins was once again one of the day’s best performances with a rise of 5.1%.

In Europe, the Paris CAC 40 rose three points to 4,222, and the German Xetra Dax slipped one point to 8,723.

In the US, the Dow Jones Industrial Average and the S&P 500 each gained 0.4% to 15,301, and 3,815 respectively, and the Nasdaq Composite rose 0.6% to 3,815.

Overnight in Asia, Japan’s Nikkei 225 rose 0.3% to 14,441, and the broader Topix index was flat at 1,197. And in China, the Shanghai Composite and the CSI 300 each slipped 0.2% to 2,233 and 2,467 respectively.

Brent spot was trading at $111.14 early today, and in New York, crude oil was at $102.40. Spot gold was trading at $1,270 an ounce, silver was at $21.08 and platinum was at $1,373.

In the forex markets this morning, sterling was trading against the US dollar at 1.5984 and against the euro at 1.1786. The dollar was trading at 0.7373 against the euro and 98.41 against the Japanese yen.

And in the UK, housebuilder Bellway reported a 37% rise in profits, as the government’s Help To Buy scheme buoyed the housing market. The company made £1068.6m in the y ear to the end of July, up from £79.3m the previous year.

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

Merryn

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.