Markets: commodity stocks lift FTSE 100

published 27 November 2015

FTSE 100 up 0.9% to 6,393
Gold up 0.1% to 1,072.20/oz
£/$ - 1.5102

FTSE 100

Commodity stocks drove the index higher. Glencore was the day's top performer with a 5.8% rise, while Anglo American added 4.1% and Fresnillo rose 3.9%. BHP Billiton, however, fell 2.4% after a UN report accused it of a "clearly insufficient" response to the dam break in Brazil, which it said contained "high levels" of toxic chemicals.

In Europe, the Paris CAC 40 rose 1.1% to 4,946, and the German Xetra Dax added 1.4% to 11,320.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

In the US, markets were closed for a public holiday.

Overnight in Japan, the Nikkei 225 fell 0.3% to 19,883, and the broader Topix index lost 0.5% to 1,594. And in China, the CSI 300 slid 5.4% to 3,556, and the Shanghai Composite was 5.5% lower at 3,436.

Brent spot was trading at $45.08 early today, and in New York, crude oil was at $42.19. Spot gold was trading at $1,068 an ounce, silver was at $14.12 and platinum was at $847.

In the forex markets this morning, sterling was trading against the US dollar at 1.5085 and against the euro at 1.4213. The dollar was trading at 0.9421 against the euro and 122.40 against the Japanese yen.

And in the UK, house price growth slowed to 0.1% in November, according to the latest figures from the Nationwide. Year-on-year, prices rose by 3.7%, down from 3.9% in October. The average property now costs £196,305.