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Global markets report, 5 September

The FTSE 100 rallied yesterday afternoon after a weak start to the day. The index closed up 0.1% at 6,474.

FTSE 100 up 0.1% to 6,474 Gold down 1.47% to $1,391.63/oz £/$ - 1.5626

The FTSE 100 rallied yesterday afternoon after a weak start to the day. The index closed up 0.1% at 6,474.

Vodafone was the highest climber of the day, rising 2.2%. Other top performers included BG Group and Johnson Matthey, gaining 1.9% each.

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In Europe yesterday, the Paris CAC 40 rose six points to 3,980, and the German Xetra Dax was 15 points higher at 8,195.

In the US, the Dow Jones Industrial Average rose 0.7% to 14,930, the S&P 500 added 0.8% to 1,653, and the Nasdaq Composite was 1% higher at 3,649.

Overnight in Asia, Japan's Nikkei 225 and the broader Topix index each rose 0.1% to 14,064 and 1,157 respectively. In China, the Shanghai Composite slipped 0.2% to 2,122, and the CSI 300 fell 0.4% to 2,341.

Brent spot was trading at $115.13 early today, and in New York, crude oil was at $107.31. Spot gold was trading at $1,387 an ounce, silver was at $23.26 and platinum was at $1,493.

In the forex markets this morning, sterling was trading against the US dollar at 1.5597 and against the euro at 1.1838. The dollar was trading at 0. 7589 against the euro and 99.96 against the Japanese yen.

And today, Dixons Retail, owner of PC World and Curry's, says it is to ditch its online brand Pixmania. It will pay German company Mutares AG €69m (£58m) to take the loss-making retailer off its hands.

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