Global markets roundup, 10 March

• FTSE 100 down 1.1% to 6,712

• Gold down 0.8% to $1,339.98/oz

• £/$ – 1.6713

Markets swung back down again on Friday, sliding 1.1% to close at 6,712.

Miners suffered as the price of copper fell. Anglo American was the day’s worst performer, down 6.6%. Glencore, Antofagasta, Randgold and Rio Tinto lost between 4.4% and 3.3%.

In Europe yesterday, the Paris CAC 40 fell 50 points to 4,366 and the German Xetra Dax lost 192 at 9,350.

In the US, the Dow Jones Industrial Average rose 0.2% to 16,452, the S&P 500 added 0.1% to 1,878, but the Nasdaq Composite slipped 0.4% to 4,336.

Overnight in Japan, the Nikkei 225 fell 1% to 15,120 and the broader Topix lost 0.8% to 1,227. And in China, the Shanghai Composite slid 2.9% to 1,999, and the CSI 300 lost 3.3% to 2,097.

Brent spot was trading at $108.22 early today, and in New York, crude oil was at $101.46. Spot gold was trading at $1,333 an ounce, silver was at $20.72 and platinum was at $1,463.

In the forex markets this morning, sterling was trading against the US dollar at 1.6699 and against the euro at 1.2026. The dollar was trading at 0.7201 against the euro and 103.23 against the Japanese yen.

And in the UK, the economy is expected to grow by 2.8% in 2015, and 2.5% in 2015, according to the latest estimate from the British Chambers of Commerce (BCC). The BCC also expects unemployment to fall from 7.2% to 6% by the end of 2016.

Merryn

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