Markets: FTSE 100 ends the week on the back foot

  • FTSE 100 down 0.6% to 6,117
  • Gold down 0.27% to $1,107.78
  • £/$ – 1.5429

The FTSE 100 ended the week with further losses, falling 0.6% to close at 6,117.

Miners were among the highest climbers, with Rio Tinto, Anglo American and BHP Billiton all in positive territory. But Wm Morrison and Primark owner Associated British Foods were among the worst performers.

In Europe’s markets yesterday, the Paris CAC 40 fell 1% to 4,548, and the German Xetra Dax was 0.9% lower at 10,123.

In the US, the Dow Jones Industrial Average rose 0.6% to 16,433, the S&P 500 rose 0.5% to 1,961, and the Nasdaq Composite was 0.5% higher at 4,822.

Overnight in Japan, the Nikkei 225 fell 1.6% to 17,965, and the broader Topix index lost 1.2% to 1,462. And in China, the CSI 300 fell 2% to 3,281, and the Shanghai Composite slid 2.7% to 3,114.

Brent spot was trading at $47.71 early today, and in New York, crude oil was at $44.54. Spot gold was trading at $1,108 an ounce, silver was at $14.47 and platinum was at $958.

In the forex markets this morning, sterling was trading against the US dollar at 1.5466 and against the euro at 1.3642. The dollar was trading at 0.8820 against the euro and 120.15 against the Japanese yen.

And today, accountancy firm PwC reported a bit rise in annual revenue. UK earnings for the year to 30 June rose by 10% to £3.1bn. Profits rose by 6% to £818m.


Leave a Reply

Your email address will not be published. Required fields are marked *