Markets: Financials drag FTSE100 down

  • FTSE 100 down 0.4% to 6,060
  • Gold up 0.91% to $1,128.40/oz
  • £/$ – 1.4433

The FTSE 100 fell back again yesterday, slipping 0.4% to close at 6,060.

Financial stocks – Friday’s top performers – were among yesterday’s worst. Prudential led the index down, with a 3 % fall, while Standard Chartered lost 2.4%. Lloyds, Barclays, Old Mutual, HSBC and RBS fell between 1.9% and 1.6%.

In Europe, the Paris CAC 40 fell 0.6% to 4,392, and the German Xetra Dax lost 0.4% to 9,757.

In the US, the Dow Jones Industrial Average slipped 0.1% to 16,449, the S&P 500 lost one point to 1,939, and the Nasdaq Composite was 0.1% higher at 4,620.

Overnight in Japan, the Nikkei 225 fell 0.6% to 17,750, and the broader Topix index lost 0.7% to 1,452. And in China, the CSI 300 jumped 2.1% to 2,961, and the Shanghai Composite added 2.3% to 2,749.

Brent spot was trading at $33.69 early today, and in New York, crude oil was at $31.05. Spot gold was trading at $1,126 an ounce, silver was at $14.26 and platinum was at $860.

In the forex markets this morning, sterling was trading against the US dollar at 1.4357 and against the euro at 1.3154. The dollar was trading at 0.9162 against the euro and 120.66 against the Japanese yen.

And today, BP says it made its biggest loss in 20 years last year. The oil giant made an annual loss of £3.6bn in 2015 as the oil price slump continued to bite.


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