Polling day nerves bring the FTSE 100 down

The FTSE 100 fell yesterday as voters went to the polls. The index closed down 0.7% at 6,886.

Supermarket group Morrisons was the day’s biggest faller, sliding 6.6% after reporting a drop in revenue. Other big fallers included GSK, down 4.5%, and Anglo American, which fell 4%.

In Europe’s markets yesterday, the Paris CAC 40 fell 0.1% to 4,976, and the German Xetra Dax rose 0.5% to 11,407.

In the US, the Dow Jones Industrial Average rose 0.5% to 17,924, the S&P 500 added 0.4% to 2,088, and the Nasdaq Composite was 0.5% higher at 4,945.

Overnight in Japan, the Nikkei 225 rose 0.5% to 19,379, and the broader Topix index added 0.8% to 1,587. And in China, the Shanghai Composite gained 2.3% to 4,205, and the CSI 300 rose 2% to 4,558.

Brent spot was trading at $65.66 early today, and in New York, crude oil was at $58.91. Spot gold was trading at $1,187 an ounce, silver was at $16.36, and platinum was at $1,137.

In the forex markets this morning, sterling was trading against the US dollar at 1.5474 and against the euro at 1.3795. The dollar was trading at 0.8914 against the euro and 120.00 against the Japanese yen.

And in the UK, BG Group reported a big fall in profits in the first quarter, as the fall in oil prices took its toll. Pre-tax profits fell by 63% to $715m, down from $1.15bn a year earlier.



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