Global markets roundup, 16 July

• FTSE 100 down 0.5% to 6,710

• Gold down 1% to $1,294.07/oz

• £/$ – 1.7143

The FTSE 100 fell back yesterday after inflation rose more than expected. The index closed down 0.5% at 6,710.

Imperial Tobacco was the day’s biggest faller, down 3.7%. Sector peer British American Tobacco was also out of favour, with a fall of 1.8%.

In Europe, the Paris CAC 40 fell 45 points to 4,305, and the German Xetra Dax lost 64 points to 9,719.

In the US, the Dow Jones Industrial Average rose five points to 17,060, the S&P 500 slipped  0.2% to 1,973, and the Nasdaq Composite was 0.5% lower at 4,416.

Overnight in Japan, the Nikkei 225 fell 0.1% to 15,379, and the broader Topix index was flat at 1,273. And in China, the Shanghai Composite and the CSI 300 each fell 0.2% to 2,067 and 2,170 respectively.

Brent spot was trading at $106.38 early today, and in New York, crude oil was at $100.59. Spot gold was trading at $1,300 an ounce, silver was at $20.67 and platinum was at $1,477.

In the forex markets this morning, sterling was trading against the US dollar at 1.7138 and against the euro at 1.2643. The dollar was trading at 0.7377 against the euro and 101.67 against the Japanese yen.

And today, Sports Direct boss Mike Ashley has said he will not take part in the company’s controversial £200m bonus scheme The scheme was only approved by shareholders after four attempts. Share in Sports Direct rose this morning on the news.

66% off newsstand price

12 issues (and much more) for just £12

That’s right. We’ll give you 12 issues of MoneyWeek magazine, complete access to our exclusive web articles, our latest wealth building reports and videos as well as our subscriber-only email… for just £12.

That’s just £1 per week for Britain’s best-selling financial magazine.

Click here to take advantage of our offer

Britain is leaving the European Union. Donald Trump is reducing America’s role in global markets. Both will have profound consequences for you as an investor.

MoneyWeek analyses the critical issues facing British investors on a weekly basis. And, unlike other publications, we provide you with the solutions to help you turn a situation to your financial advantage.

Take up our offer today, and we’ll send you three of our most important investment reports:

All three of these reports are yours when you take up our 12 issues for £12 offer today.

MoneyWeek has been advising private British investors on what to do with their money since 2000. Our calls over that period have enabled our readers to both make and save a great deal of money – hence our position as the UK’s most-trusted investment publication.

Click here to subscribe for just £12