- FTSE 100 up 0.7% to 6,416
- Gold up 1.6 to 1,157.28
- £/$ – 1.5322
The FTSE 100 ended the week with further gains on Friday, climbing 0.7% to close at 6,416 – up 4.7% on the week.
Miners once again were the main drivers. Anglo American topped the index with a 7.1% climb, while Glencore added 6.8% and Fresnillo was 4.3% higher.
In Europe’s markets yesterday, the Paris CAC 40 gained 0.5% to 4,416, and the German Xetra Dax was 1% higher at 10,096.
In the US, the Dow Jones Industrial Average rose 0.2% to 17,084, the S&P 500 added 0.1% to 2,014, and the Nasdaq Composite gained 0.4% to 4,830.
In Japan, markets were closed for a public holiday. And in China, the CSI 300 gained 3.2% to 3,447, and the Shanghai Composite was 3.3% higher at 3,287.
Brent spot was trading at $53.04 early today, and in New York, crude oil was at $50.03. Spot gold was trading at $1,166 an ounce, silver was at $16.00 and platinum was at $992.
In the forex markets this morning, sterling was trading against the US dollar at 1.5358 and against the euro at 1.3497. The dollar was trading at 0.8788 against the euro and 120.18 against the Japanese yen.
And commodities giant Glencore says it is to sell off some of its mines in a bid to cut its $30bn debt. The Cobar mine in Australia produces 50,000 tonnes of copper a year, while Chile’s Lomas Bayas mine produces 75,000 tonnes.