Markets: FTSE 100 ends the week on a low note

  • FTSE 100 down 0.8% to 6,753
  • Gold up 0.2% to $1,175.55
  • £/$ – 1.5746

 

The FTSE 100 ended the week with further falls as investors continued to worry about Greece.

Chipmaker Arm Holdings was the day’s biggest faller, 5.1% lower after brokers downgraded it. Miners were also out of favour, with Anglo American, BHP Billiton and Glencore down between 3.5% and 2.6%.

In Europe’s markets yesterday, the Paris CAC 40 rose 0.4% to 5,059, and the German Xetra Dax was 0.2% higher at 11,492.

In the US, the Dow Jones Industrial Average rose 0.3% to 17,946, the S&P 500 lost one point to 2,101, and the Nasdaq Composite was 0.6% lower at 5,080.

Overnight in Japan, the Nikkei 225 slid 2.9% to 20,109, and the broader Topix index lost 2.5% to 1,624. And in China, the CSI 300 fell 3.3% to 4,191, and the Shanghai Composite lost 3.3% to 4,053.

Brent spot was trading at $62.05 early today, and in New York, crude oil was at $58.49. Spot gold was trading at $1,178 an ounce, silver was at $15.80, and platinum was at $1,071.

In the forex markets this morning, sterling was trading against the US dollar at 1.5702 and against the euro at 1.4184. The dollar was trading at 0.9033 against the euro and 122.91 against the Japanese yen.

And in the UK, the government is said to be considering moving broadcaster Channel 4 out of London to Birmingham. The state-owned broadcaster’s HQ in the centre of the capital could fetch up to £85m if it was sold off.



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