Markets: FTSE 100 resumes its slide

  • FTSE 100 down 1% to 6,073
  • Gold up 0.29% to 1,077.68/oz
  • £/$ – 1.4630

The FTSE 100 was back on the decline yesterday, sliding a further 1% to close at 6,073.

Once again, commodity stocks drove the index down. BHP Billiton was the biggest faller of the day, down 4.9%. Rio Tinto lost 4.8% and Anglo American was 4.7% lower.

In Europe, the Paris CAC 40 fell 1.3% to 4,480, and the German Xetra Dax lost 0.9% to 10,214.

In the US, the Dow Jones Industrial Average fell 1.5% to 16,906, the S&P 500 lost 1.3% to 1,990, and the Nasdaq Composite was 1.1% lower at 4,835.

Overnight in Japan, the Nikkei 225 slid 2.3% to 17,767, and the broader Topix index was 2.1% lower at 1,457. And in China, the CSI 300 slumped 6.9% to 3,539, and the Shanghai Composite fell 7% to 3,125.

Brent spot was trading at $32.84 early today, and in New York, crude oil was at $32.56. Spot gold was trading at $1,095 an ounce, silver was at $13.95 and platinum was at $864.

In the forex markets this morning, sterling was trading against the US dollar at 1.4574 and against the euro at 1.3519. The dollar was trading at 0.9276 against the euro and 117.69 against the Japanese yen.

And in the UK, house prices rose by 1.7% in December, according to the latest figures from the Halifax. Year on year, prices were 9.5% higher.


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