Markets: FTSE 100 back on the slide

  • FTSE 100 down 1.2% to 6,155
  • Gold up 0.26% to $1,110.75
  • £/$ – 1.5445

 The FTSE 100 gave up most of Wednesday’s losses yesterday, sliding 1.2% to close at 6,155.

Miners swung back into negative territory. Glencore was the day’s biggest faller with a 7.8% loss. BHP Billiton fell 6%, and Anglo American was 3.5% lower.

In Europe’s markets yesterday, the Paris CAC 40 fell 1.5% to 4,596, and the German Xetra Dax was 0.9% lower at 10,210.

In the US, the Dow Jones Industrial Average rose 0.5% to 16,330, the S&P 500 rose 0.5% to 1,952, and the Nasdaq Composite was 0.8% higher at 4,796.

Overnight in Japan, the Nikkei 225 fell 0.2% to 18,264, and the broader Topix index rose 0.1% to 1,480. And in China, the CSI 300 fell 0.3% to 3,347, and the Shanghai Composite rose 0.1% to 3,200.

Brent spot was trading at $48.19 early today, and in New York, crude oil was at $45.10. Spot gold was trading at $1,110 an ounce, silver was at $14.65 and platinum was at $978.

In the forex markets this morning, sterling was trading against the US dollar at 1.5438 and against the euro at 1.3668. The dollar was trading at 0.8853 against the euro and 120.44 against the Japanese yen.

And in the UK, pubs group JD Wetherspoon reported a fall in annual profits. Pre-tax profits for the year to 26 July fell by 25% to £58.7m, down from £78.4m the previous year. Total sales, however, rose by 7.4%.


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