Markets: FTSE 100 continues its slide

  • FTSE 100 down 1.6% to 5,876
  • Gold up 0.26% to $1,228.75/oz
  • £/$ – 1.3927

The FTSE 100 continued to fall yesterday, closing down 1.6% at 5,876.

Miners were once again the day’s worst performing stocks. Glencore led the index down, sliding 10.15, while Anglo American lost 9.6%, BHP Billiton slid 8.4% and Rio Tinto was 5.9% lower.

In Europe, the Paris CAC 40 fell 2% to 4,155, and the German Xetra Dax lost 2.6% to 9,167.

In the US, the Dow Jones Industrial Average rose 0.3% to 16,484, the S&P 500 added 0.4% to 1,929, and the Nasdaq Composite was 0.9% higher at 4,542.

Overnight in Japan, the Nikkei 225 gained 1.4% to 16,140, and the broader Topix index rose 1.8% to 1,307. And in China, the CSI 300 slid 6.1% to 2,918, and the Shanghai Composite lost 6.4% to 2,741.

Brent spot was trading at $33.91 early today, and in New York, crude oil was at $31.74. Spot gold was trading at $1,236 an ounce, silver was at $15.25 and platinum was at $940.

In the forex markets this morning, sterling was trading against the US dollar at 1.3916 and against the euro at 1.2642. The dollar was trading at 0.9084 against the euro and 112.17against the Japanese yen.

And today, Lloyds Banking Group reported a7% fall in profits for the year. The bank made a pre-tax profit of £1.6bn, compared with £1.8bn the previous year, after increasing provision for payment protection insurance claims to £4bn.


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