• FTSE 100 down 0.3% at 6,551
• Gold up 0.84% to $1,334.48/oz
• £/$ – 1.6081
The FTSE 100 fell back to a two-week low yesterday, closing down 0.3% at 6,551.
Utilitites were out of favour as a reaction to Labour leader David Miliband’s vow to freeze energy bills.. SSE lost 5.8%, while British Gas owner Centrica fell 5.3% after going ex-dividend.
In Europe, the Paris CAC 40 was flat at 4,195, and the German Xetra Dax was one point higher at 8,665.
In the US, the Dow Jones Industrial Average lost 0.4% to 15,273, the S&P 500 slipped 0.3% to 1,692, and the Nasdaq Composite fell 0.2% to 3,761.
Overnight in Asia, Japan’s Nikkei 225 rose 1.2% to 14,799 and the broader Topix index gained 0.8% to 1,220. And in China, the Shanghai Composite slid 1.9% to 2,155, and the CSI 300 was 1.8% lower at 2 ,384.
Easily compare UK shares by sector or index using our free performance tool.
In the forex markets this morning, sterling was trading against the US dollar at 1.6091 and against the euro at 1.1902. The dollar was trading at 0.7396 against the euro and 98.92 against the Japanese yen.
And in the UK, Lloyd’s of London reported a 9.8% fall in first-half profit. In the six months to 30 June, the insurance market made £1.38bn, down from £1.53bn for the same period last year. The company blamed the drop on a fall in income from its investments.