• FTSE 100 down 0.6% at 6,557
• Gold down 0.25% to $1,322.74/oz
• £/$ – 1.6042
The FTSE 100 fell further yesterday as investors worried about the US debt ceiling and poor manufacturing data from around the world. The index slipped 0.6% to close at 6,557.
Banks performed poorly. Lloyds led the index down with a loss of 3.1%, while Barclays fell 2.6% and RBS slipped 1.5%.
In Europe, the Paris CAC 40 fell 31 points to 4,172, and the German Xetra Dax was 40 points lower at 8,635.
In the US, the Dow Jones Industrial Average lost 0.3% to 15,401, the S&P 500 fell 0.5% to 1,701, and the Nasdaq Composite was 0.3% lower at 3,765.
Overnight in Asia, Japan’s Nikkei 225 fell 0.1% to 14,732 and the broader Topix index lost 0.3% to 1,214. And in China, the Shanghai Composite fell 0.6% to 2,207, and the CSI 300 fell 1.2% to 2,443.
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In the forex markets this morning, sterling was trading against the US dollar at 1.6027 and against the euro at 1.1862. The dollar was trading at 0.7401 against the euro and 99.07 against the Japanese yen.
And in the UK, London’s fund managers are increasingly confident about the economy, Bloomberg reports. 82% of those surveyed expected an improvement in the economy in the next year, compared with 69% a year ago.