• FTSE 100 down 0.4% to 6,527
• Gold up 0.92% to $1,383.05/oz
• £/$ – 1.6647
The FTSE 100 ended the week on a low note on Friday, falling 0.4% to 6,527. Over the week as a whole, the index was down 2.8%.
Aberdeen Asset Management was Friday’s biggest faller with a 3.1% decline. But supermarkets regained some of their losses after Thursday’s carnage. Sainsbury’s rose 2.9%, Tesco added 1.7%, and Morrisons was 1.4% higher.
In Europe yesterday, the Paris CAC 40 fell 34 points to 4,216 and the German Xetra Dax rose 29 points to 9,056.
In the US, the Dow Jones Industrial Average and the S&P 500 each fell 0.3% to 16,106 and 1,841 respectively, and the Nasdaq Composite lost 0.4% to 4,245.
Overnight in Japan, the Nikkei 225 fell 0.4% to 14,277 and the broader Topix lost 0.8% to 1,154. And in China, the Shanghai Composite and the CSI 300 each rose 1% to 2,023 and 2,143 respectively.
In the forex markets this morning, sterling was trading against the US dollar at 1.6643 and against the euro at 1.1983. The dollar was trading at 0.7200 against the euro and 101.79 against the Japanese yen.
And in the UK, property asking prices are at record highs, according to the latest figures from Rightmove. The average price in England and Wales rose by 1.6% in March, and are now 6.8% higher than a year ago. In London, prices are 11.3% higher than a year ago.