Markets: FTSE 100 starts the week with further falls

  • FTSE 100 down 0.5% to 6,084
  • Gold up 0.12% to $1,109.10
  • £/$ – 1.5427

The FTSE 100 started the week with further falls, slipping 0.5% to close at 6,084.

Supermarkets were among out of favour.  Morrisons led the sector down with a 4.2% fall, while Marks & Spencer lost 2.3%, and Sainsbury’s and Tesco each fell 1.5%.

In Europe’s markets yesterday, the Paris CAC 40 fell 0.7% to 4,518, and the German Xetra Dax was 0.1% higher at 10,131.

In the US, the Dow Jones Industrial Average fell 0.4% to 16,370, the S&P 500 lost 0.4% to 1,953, and the Nasdaq Composite was 0.3% lower at 4,805.

Overnight in Japan, the Nikkei 225 rose 0.3% to 18,026, and the broader Topix was flat at 1,462. And in China, the CSI 300 fell 3.9% to 3,152, and the Shanghai Composite slid 3.5% to 3,005.

Brent spot was trading at $46.55 early today, and in New York, crude oil was at $44.42. Spot gold was trading at $1,107 an ounce, silver was at $14.33 and platinum was at $950.

In the forex markets this morning, sterling was trading against the US dollar at 1.5431 and against the euro at 1.3660. The dollar was trading at 0.8852 against the euro and 119.73 against the Japanese yen.

And today, online grocer Ocado reported continued growth in revenue in the last quarter, with retail sales rising 15.3%  to £252m in the 12 weeks to 9 August. Average weekly orders rose by 16.6% to 190,000.


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