FTSE 100 was little changed as global markets advance

The FTSE 100 was little changed to 10,651.77, trading lower as Sheffield investors weighed the latest moves across global markets.

How the major markets moved

On Wall Street, the S&P 500 rose 0.72% to 7,537.43, the Dow Jones rose 1.44% to 53,055.91 and the Nasdaq rose 0.31% to 26,121.16. Wall Street’s direction typically sets the tone for how Sheffield portfolios open next session.

Commodities and safe-haven demand

Gold rose 1.22% to US$4,176 an ounce and silver rose 2.32% to US$62.48, while WTI crude was little changed to US$68.72 a barrel, a move that feeds through to petrol prices and local input costs.

Currencies and crypto

GBP/USD rose 0.37% to 1.34, shifting the maths for Sheffield importers, travellers and anyone with offshore holdings. Bitcoin rose 0.35% to US$63,770.74.

What it means locally

For Sheffield readers, the day’s moves flow through to superannuation and retirement balances, which are heavily exposed to both local and global equities, a reminder that a diversified portfolio rides out single-session swings better than a concentrated one.