Markets: FTSE 100 slips back

  • FTSE 100 down 1% to 7,030
  • Gold up 0.85% to $1,212.18/oz
  • £/$ – 1.5339

The FTSE 100 slid back yesterday, falling 1% to close at 7,030.

Wealth manager St James’s Place was the day’s biggest faller, down 3.4% despite posting a 22% rise in funds under management. Other big fallers included AstraZeneca, Carnival Cruises and Standard Chartered, which slid between 3.4% and 3.2%.

In European markets, the Paris CAC 40 lost 1.8% to 5,173, and the German Xetra Dax fell 1.9% to 11,811.

In the US, the Dow Jones Industrial Average rose 0.4% to 18,110, the S&P 500 added 0.3% to 2,114, and the Nasdaq Composite was 0.1% lower at 5,055.

Japan’s markets were closed for a public holiday. And in China, the Shanghai Composite was flat at 4,476, and the CSI 300 was 0.7% higher at 4,774.

Brent spot was trading at $64.26 early today, and in New York, crude oil was at $56.67. Spot gold was trading at $1,208 an ounce, silver was at $16.49, and platinum was at $1,154.

In the forex markets this morning, sterling was trading against the US dollar at 1.5387 and against the euro at 1.3995. The dollar was trading at 0.9095 against the euro and 118.92 against the Japanese yen.

And in the UK, house prices rose by 1% in April, according to the latest figures from the Nationwide, its highest monthly rise since June 2014. Year on year, prices rose by 5.1%, with the average price of a home now standing at £193,048.



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