Markets: FTSE 100 halts its slide

  • FTSE 100 up 0.3% to 6,721
  • Gold down 0.56% to $1,155.31/oz
  • £/$ – 1.4930

The FTSE 100’s slide came to a halt yesterday. The index clawed back 0.3% to close at 6,721.

Power supply firm Aggreko was the day’s top performer, climbing 3.8%, and Royal Mail added 3.6%. Greek drinks bottler Coca Cola HBC, meanwhile, fell 2.3%.

In European markets, the Paris CAC 40 rose 2.4% to 4,997, and the German Xetra Dax added 2.7% to 11,805.

In the US, the Dow Jones Industrial Average and the S&P 500 each slipped 0.2% to 17,635 and 2,040 respectively, while and the Nasdaq Composite was 0.2% lower at 4,849.

Overnight in Japan, the Nikkei 225 rose 1.4% to 18,991, and the broader Topix index added 1.4% to 1,546. And in China, the Shanghai Composite gained 1.8% to 3,349, and the CSI 300 added 1.9% to 3,592.

Brent spot was trading at $58.17 early today, and in New York, crude oil was at $48.60. Spot gold was trading at $1,160 an ounce, silver was at $15.61 and platinum was at $1,122.

In the forex markets this morning, sterling was trading against the US dollar at 1.4978 and against the euro at 1.4125. The dollar was trading at 0.9430 against the euro and 121.15 against the Japanese yen.

And today, supermarket group Morrisons reported its worst set of results in eight years. Pre-tax profits fell by 52% to £345m. But when a £1.3bn write-down of its property portfolio is included, the firm made a pre-tax loss of £792m.

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