Global markets report, 5 December

• FTSE 100 down 0.3% to 6,509
• Gold up 1.66% to $1,243.78/oz
• £/$ – 1.6384

The FTSE 100 continued its fall yesterday, closing down 0.3% at 6,509.

Standard Chartered was the day’s worst performer, falling 6.5% after saying a “challenging” year would affect its income. Lloyds was also out of favour, slipping 1.6%, while HSBC and Barclays each fell 1.3% .

In Europe, the Paris CAC 40 fell 24 points to 4,148, and the German Xetra Dax slid 83 points to 9,140.

In the US, the Dow Jones Industrial Average lost 0.2% to 15,889, the S&P 500 fell 0.1% to 1,792, and the Nasdaq Composite was one point higher at 4,038.

Overnight in Asia, Japan’s Nikkei 225 lost 1.5% to 15,177, and the broader Topix index fell 0.9% to 1,229. And in China, the Shanghai Composite fell 0.2% to 2,247, and the CSI 300 slipped 0.3% to 2,468.

Brent spot was trading at $111.77 early today, and in New York, crude oil was at $97.43. Spot gold was trading at $1,234 an ounce, silver was at $19.47 and platinum was at $1,365.

In the forex markets this morning, sterling was trading against the US dollar at 1.6389 and against the euro at 1.2044. The dollar was trading at 0.7348 against the euro and 102.00 against the Japanese yen.

And in the UK, Hewlett Packard is to cut over 1,100 jobs, according to the union Unite. The union said HP would cut 618 posts in Bracknell and 483 in Warrington.

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