Markets: FTSE 100 slips further

  • FTSE 100 down 0.2% to 6,655
  • Gold down 0.34% to $1,090.60
  • £/$ – 1.5514

The FTSE 100 slipped further yesterday, falling 0.2% to close at 6,655.

ARM Holdings bounced back from its poor results to take the top spot, rising 4.6%. Pharmaceuticals company Shire added 3.2%, and Pearson gained 2.1%.

In Europe’s markets yesterday, the Paris CAC 40 rose 0.1% to 5,086, and the German Xetra Dax was 0.1% lower at 11,512.

In the US, the Dow Jones Industrial Average fell 0.7% to 17,731, the S&P 500 lost 0.6% to 2,102, and the Nasdaq Composite was 0.5% lower at 5,146.

Overnight in Japan, the Nikkei 225 lost 0.7% to 20,544, and the broader Topix index fell 0.5% to 1,655. And in China, the CSI 300 lost 1.8% to 4,176, and the Shanghai Composite fell 1.3% to 4,070.

Brent spot was trading at $55.28 early today, and in New York, crude oil was at $48.70. Spot gold was trading at $1,085 an ounce, silver was at $14.61 and platinum was at $976.

In the forex markets this morning, sterling was trading against the US dollar at 1.5477 and against the euro at 1.4143. The dollar was trading at 0.9137 against the euro and 123.90 against the Japanese yen.

And in the UK, bookmaker Ladbrokes has agreed a £2.3bn merger with rival Gala Coral, which will create Britain’s largest betting firm. At the same time, Ladbrokes warned profits for the year would be £20m lower than expected.



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