Global markets roundup, 28 July

• FTSE 100 down 0.4% to 6,791
• Gold up 1.04% to $1,307.15/oz
• £/$ – 1.6975

The FTSE 100 ended the week on a low note on Friday, falling 0.4% to close at 6,791.

Satellite broadcaster BskyB was the day’s biggest faller, down 4.5% after saying it would buy out Sky Italia and Sky Deutschland from parent company 21st Century Fox. Property companies were also among the worst performers. Persimmon lost 2%, British Land fell 1.9% and Barratt was 1.8% lower.

In Europe, the Paris CAC 40 fell 80 points to 4,330, and the German Xetra Dax slid 150 points to 9,644.

In the US on Friday, the Dow Jones Industrial Average fell 0.7% to 16,960 , while the S&P 500 and the Nasdaq Composite each lost 0.5% to 1,978 and 4,449 respectively.

Overnight in Japan, the Nikkei 225 rose 0.5% to 15,529, and the broader Topix index gained 0.4% to 1,286. And in China, the Shanghai Composite added 2.4% to 2,177, the CSI 300 was 2.8% higher at 2,323.

Brent spot was trading at $107.89 early today, and in New York, crude oil was at $101.91. Spot gold was trading at $1,304 an ounce, silver was at $20.52 and platinum was at $1,480.

In the forex markets this morning, sterling was trading against the US dollar at 1.6982 and against the euro at 1.2643. The dollar was trading at 0.7444 against the euro and 101.88 against the Japanese yen.

And today, Ryanair has raised its profit forecast for the year after it had a much better first quarter than it expected. Profits after tax in the three months to 30 June rose by 152% to €197m, compared with €78m a year earlier. Revenue rose by 11% to €1.5bn, and passenger numbers rose by 4% to 24.3m. Average fares increased by 9%.

Merryn

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