• 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.
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. Sign up to Money Morning here.