Global markets roundup, 14 April

• FTSE 100 down 1.2% to 6,562
• Gold down 0.03% to $1,318.42/oz
• £/$ – 1.6733

Heavy selling in America triggered steep losses in the FTSE 100 on Friday, with the index down 1.2% to 6,562.

Falling passenger numbers weighed on IAG and easyJet shares. The airlines fell 5.3% and 3.5% respectively.

But there was some welcome good news for Morrisons. The supermarket gained 2%.

In Europe, the Paris CAC 40 fell 47 points to 4,366, and the German Xetra Dax lost 140 points to 9,315.

In the US, the Dow Jones Industrial Average slipped 0.9% to 16,027, the S&P 500 was 1.0% lower at 1,816, and the Nasdaq Composite fell 1.3% higher at 4,000.

Overnight in Asia, Japan’s Nikkei 225 lost 0.4% to 13,910, and the broader Topix index fell 0.1% to 1,133. And in China, the Shanghai Composite gained 0.1% to 2,132, and the CSI 300 slid 0.1% to 2,269.

Brent spot was trading at $108.18 early today, and in New York, crude oil was at $104.52. Spot gold was trading at $1,326 an ounce, silver was at $19.96 and platinum was at $1,465.

In the forex markets this morning, sterling was trading against the US dollar at 1.6729 and against the euro at 1.2079. The dollar was trading at 0.7220 against the euro and 101.61 against the Japanese yen.

And in the UK, house prices have hit a new high, according to Rightmove. The online estate agency said average asking prices rose 2.6% in April to £262,594. Year on year, asking prices were up 7.3%.

This article is taken from our FREE daily investment email, Money Morning
Receive our thought-provoking investment email every weekday morning plus occasional promotions & become a smarter investor.

Please enter a valid email address

To sign up, enter your email address:

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+




Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


7 May 1946: Tech giant Sony is founded


Japanese scientists Akio Morita and Masaru Ibuka set up the Tokyo Telecommunications Engineering Corporation, later to become Sony, on this day in 1946.

The Kids' Portfolio: the four best funds to buy for your children

Investing for your children's long-term future is an excellent idea. But what should you buy? The Kids' Portfolio is a simple collection of four funds intended to be tucked away for 20 to 40 years.