Global markets roundup, 16 May

• FTSE 100 down 0.6% to 6,840

• Gold down 0.75% to $1,296.17/oz

• £/$ – 1.6790

The FTSE 100 fell back yesterday as investors took profits, and worried about the eurozone economy. The index lost 0.6% to close at 6,840.

The travel sector was out of favour. EasyJet and International Consolidated Airlines were the day’s biggest fallers, down 6.7% and 6% respectively. And in the FTSE 250, Thomas Cook saw a 12.6% slump.

In Europe yesterday, the Paris CAC 40 fell 57 points to 4,444, and the German Xetra Dax lost 98 points to 9,656.

In the US yesterday, the Dow Jones Industrial Average fell 1% to 16,446, the S&P 500 lost 0.9% to 1,870, and the Nasdaq Composite was 0.8% lower at 4,069.

Overnight in Japan, the Nikkei 225 fell 1.4% to 14,096 and the broader Topix lost 1.6% to 1,159 And in China, the Shanghai Composite and the CSI 300 each rose 0.1% to 2,026 and 2,145 respectively.

Brent spot was trading at $109.19 early today, and in New York, crude oil was at $101.72. Spot gold was trading at $1,293 an ounce, silver was at $19.26 and platinum was at $1,454.

In the forex markets this morning, sterling was trading against the US dollar at 1.6793 and against the euro at 1.2244. The dollar was trading at 0.7290 against the euro and 101.55 against the Japanese yen.

And in the UK, Ofgem, the energy regulator, has ordered E.on to pay £12m to its customers as compensation for “extensive poor selling practices”. It is the largest penalty levied by Ofgem so far. 333,000 customers can expect a payment of around £35 each.

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

MoneyWeek magazine

Latest issue:

Magazine cover
The hunt for water

The most valuable commodity

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

Robert Shiller: why one of the world's smartest economists is worried about the bond market

Merryn Somerset Webb talks to Yale professor and Nobel Prize winner Robert Shiller about how the power of 'stories' drives the global economy and creates financial bubbles.


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.


2 March 1797: the Bank of England prints its first pound note

On this day in 1797, and to the consternation of many, the Bank of England printed its first pound note in order to help pay for war with France.