Global markets roundup, 25 March

• FTSE 100 down 0.6% to 6, 520

• Gold down 1.94% to $1,308.76/oz

• £/$ – 1.6498

The FTSE 100 was back in the red yesterday, falling 0.6% to close at 6,520.

Precious metals miners tracked the price of gold lower. Randgold was the day’s biggest faller, down 4.2%, and Fresnillo lost 3.7%.

In Europe yesterday, the Paris CAC 40 fell 59 points to 4,276 and the German Xetra Dax lost 154 points to 9,188.

In the US, the Dow Jones Industrial Average fell 0.2% to 16,276, the S&P 500 lost 0.5% to 1,857, and the Nasdaq Composite slid 1.2% to 4,226.

Overnight in Japan, the Nikkei 225 fell 0.4% to 14,423, but the broader Topix was flat at 1,163. And in China, the Shanghai Composite rose one point to 2,067, and the CSI 300 slipped 0.1% to 2,174.

Brent spot was trading at $106.90 early today, and in New York, crude oil was at $99.74. Spot gold was trading at $1,316 an ounce, silver was at $20.08 and platinum was at $1,427.

In the forex markets this morning, sterling was trading against the US dollar at 1.6494 and against the euro at 1.1921. The dollar was trading at 0.7227 against the euro and 102.19 against the Japanese yen.

And today, newly-privatised Royal Mail has announced it is to cut 1,600 jobs. However, it will create 300 new jobs, leaving a net loss of 1,300. The company is hoping to save £50m a year.

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