Markets Round Up on 13th October 2017
Here is our the market round up prepared this evening on Friday 13th October 2017.
Stock Markets
Yesterday the US Markets closed lower with the S&P 500 down 0.17% to 2550.93 and the Nasdaq down 0.18% to 6591.51 as markets paused for breath after recent gains and banks fell on results.
In Asia this morning the Japanese Nikkei hit a two-decade closing high, a milestone for the nation’s long-suffering stock market, driven by stronger earnings, an improved economy and a better environment for shareholders as it climbed 0.96% to 21155.18, the Hong Kong Hang Seng was flat , up 0.06% to 28476.43, the Chinese CSI 300 climbed 0.21% to 3921.00, the Aussie ASX was up 0.34% to 5814.15 and the Korean KOSPI was flat falling 0.05% to 2473.62.
On The UK markets Shares FELL away from the record close figure posted yesterday as Sterling recovered slightly from yesterday’s Brexit-inspired lows, reaching a two week high and halting any chance of a further record. The FTSE 100 closed at 7535.44 Down 20.8 or 0.28% on the day and the FTSE 250 closed flat 20,259.5 up 8.3 points.
The FTSE 100 had 34 stocks rise and 64 fall. The miners and housebuilders lead the risers while the utilities, telecommunications, financials and healthcare took the market down.
European shares were far more muted with most markets flat after paring some of their earlier highs, although sentiment remained propped up by a strong uptick from the commodities space. The Euro Stoxx 50 moved just one point down to 3605.5. The German DAX nudged up 09 points to 12,992 , the French CAC40 fell 0.17% to 5351.74 while the Italian MIB climbed less than 0.1% to 22,413 and Spanish IBEX fell 0.17% to 10258.
At the time of writing the US markets were rallying with the S&P up 0.2% and the Nasdaq up 0.3% scoring record intra-day highs after a pair of economic reports came in slightly weaker than expected, but a reading of consumer sentiment hit its highest level in 13 years.
Currency
The pound is at €1.1239 Euros, $1.3308 US Dollars.
Commodities
Oil prices WTI rose 1.7% to $51.46 and Brent to $57.27
The Gold price is $1301
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