Markets: FTSE 100 continues to slide

  • FTSE 100 down 0.9% to 6,185
  • Gold down 0.39% to $1,286.50/oz
  • £/$ – 1.4535

The FTSE 100 continued to slide yesterday, falling a further 0.9% to close at 6,185.

Miners were the biggest drag on the index. Anglo American was the day’s worst performer with a 12.8% slump. Glencore lost 8.1% and Antofagasta was 7.7% lower.

In Europe, the Paris CAC 40 fell 1.6% to 4,371, and the German Xetra Dax lost 1.9% to 9,926.

In the US, the Dow Jones Industrial Average fell 0.8% to 17,750, the S&P 500 lost 0.9% to 2,063, and the Nasdaq Composite slid 1.1% to 4,763.

In Japan, markets were closed for a public holiday. And in China, the CSI 300 slipped 0.1% to 3,209 and the Shanghai Composite fell one point to 2,991.

Brent spot was trading at $45.04 early today, and in New York, crude oil was at $43.83. Spot gold was trading at $1,283 an ounce, silver was at $17.34 and platinum was at $1,060.

In the forex markets this morning, sterling was trading against the US dollar at 1.4541 and against the euro at 1.2645. The dollar was trading at 0.8698 against the euro and 106.89 against the Japanese yen.

And today, Sainsbury’s reported a fall in profits as the supermarket price war continues. Underlying pre-tax profit for the year to 12 March fell from £681m to £587m, a 13.8% slide.


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