• FTSE 100 down 0.8% to 6,733
• Gold up 0.06% to $1,319.19/oz
• £/$ – 1.6983
The FTSE 100 took a big hit yesterday, falling 0.8% to close at 6,733.
The day’s biggest faller was engineering form Meggitt, which shed 3.2% after being downgraded by JP Morgan. Other big fallers included Tullow Oil, which lost 2.8%, and Greek drinks bottler Coca Cola HBC, which fell 2.6%.
In Europe, the Paris CAC 40 fell 58 points to 4,460, and the German Xetra Dax lost 71 points to 9,867.
In the US, the Dow Jones Industrial Average rose 0.3% to 16,867, the S&P 500 gained 0.5% to 1,959, and the Nasdaq Composite added 0.7% to 4,379.
Overnight in Japan, the Nikkei 225 rose 0.3% to 15,308 and the broader Topix added 0.2% to 1,263. And in China, the Shanghai Composite and the CSI 300 each rose 0.7% to 2,038 and 2,149 respectively.
In the forex markets this morning, sterling was trading against the US dollar at 1.6985 and against the euro at 1.2461. The dollar was trading at 0.7336 against the euro and 101.77 against the Japanese yen.
And today, Dixons, which has announced plans to merge with Carphone Warehouse, reported a rise in profits for the last year. Pre-tax profits for the year to 30 April rose by 53% to £133m. Like-for-like sales in the UK rose by 5%.