Global markets roundup, 1 August

• FTSE 100 down 0.6% to 6,730

• Gold down 1.06% to $1,282.55/oz

• £/$ – 1.6886

The FTSE 100 turned back down yesterday, falling 0.6% to close at 6,730.

Financial stocks fared poorly. Fund manager Schroders was the day’s biggest faller, down 4.4%, and St James’s Place lost 3.8%. At the other end of the table oil giants Royal Dutch Shell and BP rose 2.7% and 0.5% respectively.

In Europe, the Paris CAC 40 fell 66 points to 4,246, and the German Xetra Dax slid 186 points to 9,407.

In the US on Friday, the Dow Jones Industrial Average fell 0.4% to 16,912, the S&P 500 lost 0.5% to 1,969, and the Nasdaq Composite slipped 0.1% to 4,442.

Overnight in Japan, the Nikkei 225 and the broader Topix index each fell 0.6% to 15,523 and 1,281 respectively. And in China, the Shanghai Composite fell 0.7% to 2,185, and the CSI 300 was 0.9% lower at 2,329.

Brent spot was trading at $106.00 early today, and in New York, crude oil was at $98.02. Spot gold was trading at $1,285 an ounce, silver was at $20.38 and platinum was at $1,460.

In the forex markets this morning, sterling was trading against the US dollar at 1.6871 and against the euro at 1.2608. The dollar was trading at 0.7473 against the euro and 102.94 against the Japanese yen.

And today, International Consolidated Airlines reported a 55% rise in first-half profits. The group made a pre-tax profit of €155m, compared with a loss of €177m in the same period last year. Passenger numbers rose to 35,480, from 29,137.

Merryn

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