Global markets report, 13 March

 

• FTSE 100 down 1% to 6,620

• Gold up 1.32% to $1,366.83/oz

• £/$ – 1.6619

The FTSE 100 fell further yesterday, sliding another 1% to close at 6,620.

A lot of the big fallers were companies going ex-dividend. Hammerson, Standard Chartered, Meggitt and British American Tobacco lost between 3.9% and 3.5%. The day’s worst performer was G4S, which shed 5.3% after posting a disappointing set of results.

In Europe yesterday, the Paris CAC 40 fell 43 points to 4,306 and the German Xetra Dax lost 119 points to 9,188.

In the US, the Dow Jones Industrial Average fell 0.1% to 16,340, the S&P 500 rose one point to 1,868, and the Nasdaq Composite was 0.4% higher at 4,323.

Overnight in Japan, the Nikkei 225 slipped 0.1% to 14,815 and the broader Topix lost 0.3% to 1,203. And in China, the Shanghai Composite rose 1.1% to 2,019 , and the CSI 300 gained 1.2% to 2,140.

Brent spot was trading at $108.21 early today, and in New York, crude oil was at $98.15. Spot gold was trading at $1,373 an ounce, silver was at $21.35 and platinum was at $1,472.

In the forex markets this morning, sterling was trading against the US dollar at 1.6651 and against the euro at 1.1936. The dollar was trading at 0.7168 against the euro and 102.43 against the Japanese yen.

And today, supermarket group Morrisons reported a loss for the year. The company lost £176m in the 12 months to the end of February, down from a profit of £879m a year earlier. Turnover fell by 2%.

Merryn

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