• FTSE 100 unchanged at 6,588
• Gold down 3.21% to $1,321.67/oz
• £/$ – 1.5805
The FTSE 100 was virtually unchanged yesterday at 6,588, after a rise of just 0.55 points.
Engineer AMEC was the day’s highest climber, adding 1.9%. Supermarket chain Morrisons gained 1.8%, and Sainsbury’s rose 1.2%. It was a bad day for precious metals miners – Randgold was the day’s biggest faller, down 2.6%, and Fresnillo lost 2% as the price of gold fell sharply.
In Europe, the Paris CAC 40 fell 13 points to 4,106, and the German Xetra Dax was one point lower at 8,494.
In the US, the Dow Jones Industrial Average fell 0.2% 15,300, the S&P 500 lost 0.3% to 1,683, and the Nasdaq Composite slipped 0.2% to 3,715.
Overnight in Asia, Japan’s Nikkei 225 and the broader Topix index each rose 0.1% to 14,404 and 1,185 respectively. In China, the Shanghai Composite fell 0.9% to 2,236, and the CSI 300 was 0.7% lower at 2,488.
In the forex markets this morning, sterling was trading against the US dollar at 1.5804 and against the euro at 1.1895. The dollar was trading at 0.7526 against the euro and 99.70 against the Japanese yen.
And in the UK, the Royal Institution of Chartered Surveyors (Rics) urged the Bank of England to cap the rate of house price rises at 5% a year to prevent a new property bubble. Rics said earlier in the week that prices are now rising faster than at any time since 2006.