Markets: FTSE 100 slips back

  • FTSE 100 down 0.7% to 6,371
  • Gold up 0.57% to 1,163.85
  • £/$ – 1.5384

The FTSE 100 started the week on the back foot yesterday, slipping 0.7% to close at 6,371.

Commodity stocks were the main drag. Glencore was the biggest faller, sliding 6.3%, while Anglo American lost 5.1% and Antofagasta was 3.8% lower.

In Europe, the Paris CAC 40 fell 0.3% to 4,688, and the German Xetra Dax was 0.2% higher at 10,119.

In the US, the Dow Jones Industrial Average rose 0.3% to 17,131, the S&P 500 added 0.1% to 2,017, and the Nasdaq Composite gained 0.2% to 4,838.

In Japan, the Nikkei 225 fell 1.1% to 18,238, and the broader Topix index lost 0.8% to 1,503. And in China, the CSI 300 slipped 0.1% to 3,445, and the Shanghai Composite added 0.2% to 3,293.

Brent spot was trading at $50.27 early today, and in New York, crude oil was at $47.57. Spot gold was trading at $1,158 an ounce, silver was at $15.74 and platinum was at $981.

In the forex markets this morning, sterling was trading against the US dollar at 1.5363 and against the euro at 1.3468. The dollar was trading at 0.8766 against the euro and 119.72 against the Japanese yen.

And today, SAB Miller has accepted a takeover offer worth £68bn from AB Inbev. If the deal is finalised, it would be the biggest ever takeover of a UK-listed company and one of the five biggest in corporate history.

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