Global markets roundup, 21 May

• FTSE 100 down 0.6% to 6,802

• Gold up 0.1% to $1,294.37/oz

• £/$ – 1.6838

The FTSE 100 saw more losses yesterday, closing down 0.6% at 6,802.

Vodafone was the main drag on the index, sliding 5.5% after a disappointing set of results. Other big fallers included ARM Holdings and Morrisons, which lost 2.7% and 2.1% respectively.

In Europe, the Paris CAC 40 fell 17 points to 4,452, and the German Xetra Dax lost 20 points to 9,639.

In the US on Friday, the Dow Jones Industrial Average slid 0.8% to 16,511, while the S&P 500 and the Nasdaq Composite each lost 0.7% to 1,872 and 4,096 respectively.

Overnight in Japan, the Nikkei 225 slipped 0.2% to 14,042 and the broader Topix fell 0.3% to 1,150. And in China, the Shanghai Composite rose 0.8% to 2,024, and the CSI 300 was 1% higher at 2,135.

Brent spot was trading at $109.79 early today, and in New York, crude oil was at $102.92. Spot gold was trading at $1,293 an ounce, silver was at $19.35 and platinum was at $1,473.

In the forex markets this morning, sterling was trading against the US dollar at 1.6855 and against the euro at 1.2290. The dollar was trading at 0.7292 against the euro and 100.91 against the Japanese yen.

And today, energy company SSE reported a big rise in profits for the year. Pre-tax profits for the year to 31 March rose by 9.6% to £1.55bn, compared with £1.4bn the previous year. Profits from its retail arm fell by 28%, the company said, despite an 8% rise in prices.

Merryn

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