Markets: FTSE 100 continues to slide

  • FTSE 100 down 0.6% to 6,088
  • Gold down 0.11% to 1,071.55/oz
  • £/$ – 1.5160

The FTSE 100 continued to fall yesterday, slipping a further 0.6% to close at 6,088.

Sports Direct was the day’s biggest faller, down 10.8% after results disappointed investors. Travel stocks were out of favour, with TUI down 4.6%, while Intercontinental Hotels fell 1.3%, Carnival lost 0.9%, and Easyjet was 0.8% lower.

In Europe, the Paris CAC 40 fell 0.1% to 4,635, and the German Xetra Dax rose 0.1% to 10,598.

In the US, the Dow Jones Industrial Average rose 0.5% to 17,574, the S&P 500 gained 0.2% to 2,052, and the Nasdaq Composite was 0.4% higher at 5,045.

Overnight in Japan, the Nikkei 225 added 1% to 19,230, and the broader Topix index added 0.6% to 1,549. And in China, the CSI 300 slipped 0.4% to 3,608, and the Shanghai Composite lost 0.6% to 3,434.

Brent spot was trading at $39.64 early today, and in New York, crude oil was at $36.68. Spot gold was trading at $1,069 an ounce, silver was at $14.05 and platinum was at $854.

In the forex markets this morning, sterling was trading against the US dollar at 1.5158 and against the euro at 1.3833. The dollar was trading at 0.9126 against the euro and 121.98 against the Japanese yen.

And today, Asia-focused bank Standard Chartered says it has raised $5.1bn in equity after 97% of its shareholders took up a rights issue. The struggling bank is to cut 15,000 jobs in a bid to save $2.9bn by 2018.

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