Markets: FTSE 100 bounces back from five-month low

  • FTSE 100 up 1.3% to 6,608
  • Gold down 0.31% to $1,168.83
  • £/$ – 1.5617

The FTSE 100 bounced back from its five-month low yesterday, adding 1.3% to close at 6,608.

Royal Bank of Scotland took the top spot, climbing3.2%. Theme park operator Merlin Entertainments added 3.2%, and TUI Travel was 3% higher.

In Europe’s markets yesterday, the Paris CAC 40 rose 1.9% to 4,883, and the German Xetra Dax was 2.2% higher at 11,180.

In the US, the Dow Jones Industrial Average rose 0.8% to 17,757, the S&P 500 added 0.7% to 2,077, and the Nasdaq Composite was 0.5% higher at 5,013.

Overnight in Japan, the Nikkei 225 rose 1% to 20,522, and the broader Topix index added 0.7% to 1,648. And in China, the CSI 300 fell 3.4% to 4,108, and the Shanghai Composite lost 3.5% to 4,098.

Brent spot was trading at $62.42 early today, and in New York, crude oil was at $57.15. Spot gold was trading at $1,165 an ounce, silver was at $15.57, and platinum was at $1,076.

In the forex markets this morning, sterling was trading against the US dollar at 1.5594 and against the euro at 1.4096. The dollar was trading at 0.9039 against the euro and 123.52 against the Japanese yen.

And in the UK, house prices fell by 0.2% in June, according to the latest figures from the Nationwide Building Society. The annual rate of growth fell to 3.3%, compared with 4.6% in May. The average price of a house in the UK now stands at £195,055.



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