• FTSE 100 down 0.3% to 6,674
• Gold down 0.5% to $1,333.42/oz
• £/$ – 1.6164
The FTSE 100 fell back for the first time in two weeks yesterday as investors took profits and concerns about China’s economy weighed on the market. The index closed down 0.3% at 6,674.
Banks were among the worst performers. RBS fell 2.7%, Barclays lost 1.6% and Standard Chartered was 1.5% lower. Chip-maker ARM Holdings was the day’s biggest faller, down 5%.
In Europe, the Paris CAC 40 fell 35 points to 4,260, and the German Xetra Dax lost 28 points to 8,919.
In the US, the Dow Jones Industrial Average slipped 0.4% to 15,413, the S&P 500 lost 0.5% to 1,746, and the Nasdaq Composite was 0.6% lower at 3,907.
Overnight in Asia, Japan’s Nikkei 225 rose 0.4% to 14,486, and the broader Topix index gained 0.6% to 1,203. And in China, the Shanghai Composite fell 0.9% to 2,164, and the CSI 300 slipped 0.8% to 2,400.
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In the forex markets this morning, sterling was trading against the US dollar at 1.6174 and against the euro at 1.1732. The dollar was trading at 0.7253 against the euro and 97.45 against the Japanese yen.
And today, retailer Debenhams has reported a fall in profits, despite a big jump in online sales. Profits for the year to 31 August fell by 2.7% to £154m, while online sales rose by 46.2%, representing 13.2% of total sales.