Global markets roundup, 18 July

• FTSE 100 down 0.7% to 6,738

• Gold up 1.54% to $1,319.24/oz

• £/$ – 1.7101

The FTSE 100 fell back yesterday, slipping 0.7% to close at 6,738.

Hargreaves Lansdown was the day’s biggest faller, down 4%. At the other end of the table, ITV added 6.2% after America’s Liberty Global bought a 6.4% stake in the company from BSkyB.

In Europe, the Paris CAC 40 fell 53 points to 4,316, and the German Xetra Dax lost 106 points to 9,753.

In the US on Friday, the Dow Jones Industrial Average slid 0.9% to 16,976 , the S&P 500 lost 1.2% to 1,958, and the Nasdaq Composite was 1.4% lower at 4,363.

Overnight in Japan, the Nikkei 225 fell 1% to 15,215, and the broader Topix lost 0.8% to 1,263. And in China, the Shanghai Composite rose 0.2% to 2,059, and the CSI 300 added 0.3% to 2,164.

Brent spot was trading at $108.31 early today, and in New York, crude oil was at $103.70. Spot gold was trading at $1,313 an ounce, silver was at $21.05 and platinum was at $1,488.

In the forex markets this morning, sterling was trading against the US dollar at 1.7102 and against the euro at 1.2638. The dollar was trading at 0.7389 against the euro and 101.41 against the Japanese yen.

And today, the Co-operative Group has said it is to sell its pharmacy business to Bestway Group for £620m. The Co-op has 774 pharmacies which employ 6,500 people.

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

MoneyWeek magazine

Latest issue:

Magazine cover
China's cash problem

How to profit from it

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

Bill Bonner: hold on to your cash, the real financial crisis is yet to come

Merryn Somerset Webb talks to Bill Bonner about economic cycles, and the 'catastrophic credit crisis' that will make 2008 look like a picnic.


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.


6 March 1899: Bayer trademarks Aspirin

Chemical company Bayer was awarded a patent for its pain-relieving acetylsalicylic acid powder, or 'Aspirin', on this day in 1899. It would soon be released in tablet form.