• 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.
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.