Markets: FTSE 100 sees modest rises
The FTSE 100 rose slightly yesterday, despite a slide in commodity prices. The index closed up 0.2% at 6,788.
- FTSE 100 up 0.2% at 6,788
- Gold down 3.33% to $1,096.68
- £/$ - 1.5564
Sports Direct was the day's top performer, up 3.4%. Sainsbury's added 2.1%, and TUI was 1.8% higher. Precious metals miners Randgold and Fresnillo tracked the price of gold down, falling 4.7% and 4.4% respectively.
In Europe's markets yesterday, the Paris CAC 40 rose 0.4% to 5,142, and the German Xetra Dax was 0.8% higher at 11,735.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In the US, the Dow Jones Industrial Average rose 0.1% to 18,100, the S&P 500 added 0.1% to 2,128, and the Nasdaq Composite was 0.2% higher at 5,218.
Overnight in Japan, the Nikkei 225 rose 0.9% to 20,841, and the broader Topix index added 0.7% to 1,673. And in China, the CSI 300 rose 0.1% to 4,166, and the Shanghai Composite added 0.6% to 4,017.
Brent spot was trading at $56.78 early today, and in New York, crude oil was at $50.19. Spot gold was trading at $1,108 an ounce, silver was at $14.84 and platinum was at $984.
In the forex markets this morning, sterling was trading against the US dollar at 1.5574 and against the euro at 1.4375. The dollar was trading at 0.9230 against the euro and 124.39 against the Japanese yen.
And in the UK, Royal Mail reported a slowing in revenue growth in the last quarter. The number of letters sent fell by 5% in the three months to 28 June, with revenue down by 4%.Parcel deliveries rose by 3% in the UK and 9% in Europe. Overall revenue rose by 2%.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published