Financial Indicators: Data from FTSE100, as well as oil prices and gold prices.Jump to full report >>
The FTSE-100 tracks the share-prices of the 100 largest companies listed on the London Stock Exchange. Despite some turbulence following the EU Referendum result, the index closed at twelve successive record highs between December 2016 and January 2017. This is the index’s longest run of successive all-time peaks since its inception in 1984. More recently the index passed 7,500 for the first time in May 2017 and closed at a series of record highs between December 2017 and January 2018, closing at 7,778 points on 12 January 2018. The index fell to 7,092 on 9 February 2018, its lowest value since the end of 2016.
The price of Brent crude oil reached an all-time high above $145/barrel in July 2008. In January 2016, the price fell below $30/barrel for the first time since 2004. The price has since climbed and remained above or around $50/barrel since December 2016, after Opec agreed to its first supply cut in eight years. Since late October 2017, it has closed above $60/barrel, its highest level in over two years, and reached $70/barrel in January 2018 for the first time in three years.
The nominal price of gold exceeded $1,800/ounce for the first time in August 2011, but the metal's price has since moderated considerably. In December 2015, it fell to its lowest level in six years, though it remained above $1,200/ounce for all of 2017.
Commons Briefing papers SN05207
Author: Matthew Ward
Topic: Economic situation