Markets: FTSE 100 ends the week on a high

  • FTSE 100 up 1.4% to 6,096
  • Gold down 0.84% to $1,222.65/oz
  • £/$ – 1.3871

The FTSE 100 ended the week on a positive note on Friday, rising 1.4% on the day and 2.4% on the week to close at 6,096.

Commodities giant Glencore was the day’s highest climber, up 8%. Elsewhere in the sector Anglo American added 7% and BHP Billiton was 3.9% higher.

In Europe, the Paris CAC 40 rose 1.6% to 4,314, and the German Xetra Dax added 1.9% to 9,513.

In the US, the Dow Jones Industrial Average slipped 0.3% to 16,639, the S&P 500 fell 0.4% to 1,948, and the Nasdaq Composite was 0.2% higher at 4,590.

Overnight in Japan, the Nikkei 225 and the broader Topix index each lost 1% to 16,026 and 1,267 respectively. And in China, the CSI 300 slid 2.4% to 2,877, and the Shanghai Composite fell 2.9% to 2,687.

Brent spot was trading at $35.20 early today, and in New York, crude oil was at $32.68. Spot gold was trading at $1,231 an ounce, silver was at $14.72 and platinum was at $916.

In the forex markets this morning, sterling was trading against the US dollar at 1.3873 and against the euro at 1.2697. The dollar was trading at 0.9152 against the euro and 112.91 against the Japanese yen.

And in the UK, the British Retail Consortium says that almost a million jobs could be lost from high street shops because of the costs associated with paying the National Living Wage. 74,000 of the 270,000 shops in the UK could close, it says.


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