Global markets roundup, 14 March

• FTSE 100 down 1% to 6,553

• Gold up 0.24% to $1,370.14/oz

• £/$ – 1.6624

The FTSE 100 continued its slide yesterday, close down a further 1% at 6,553.

Supermarkets were the biggest fallers. Wm Morrison was punished for its poor results, slumping 11.9%. Sainsbury’s slid 8.5% and Tesco was 5% lower.

In Europe yesterday, the Paris CAC 40 fell 56 points to 4,250 and the German Xetra Dax lost 171 points to 9,017.

In the US, the Dow Jones Industrial Average fell 1.4% to 16,108, the S&P 500 lost 1.2% to 1,846, and the Nasdaq Composite was 1.5% lower at 4,260.

Overnight in Japan, the Nikkei 225 fell 3.3% to 14,327 and the broader Topix lost 3.2% to 1,164. And in China, the Shanghai Composite slid 0.7% to 2,004, and the CSI 300 lost 0.8% to 2,122.

Brent spot was trading at $107.74 early today, and in New York, crude oil was at $98.39. Spot gold was trading at $1,370 an ounce, silver was at $21.23 and platinum was at $1,468.

In the forex markets this morning, sterling was trading against the US dollar at 1.6617 and against the euro at 1.1975. The dollar was trading at 0.7207 against the euro and 101.68 against the Japanese yen.

And today, pubs group JD Wetherspoon announced a rise in profits for the first half of the year. Pre-tax profits for the six months to 26 January rose by 3.2% to £36m. Sales rose by 9.1% to £683.2m. Like for like sales grew by 5.2%.

Merryn

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