Global markets roundup, 29 August

• FTSE 100 down 0.4% to 6,806
• Gold up 0.6% to $1,289.69/oz
• £/$ – 1.6586

The FTSE 100 fell by 25 points in Thursday’s trading to close at 6,806.

Miners again suffered the worst of the sell-off, with Rio Tinto losing 3.8%. Anglo American fell 3.5%, while BHP Billiton and Antofagasta dropped 2.8% and 2.2% respectively.

And building materials maker CRH was the day’s highest climber, up 2.0%.

In Europe, the Paris CAC 40 fell 29 points to 4,366, and the German Xetra Dax dropped 107 points to 9,463.

In the US, the Dow Jones Industrial Average slipped 0.3% to 17,080, the S&P 500 fell 0.2% to 1,998, and the Nasdaq Composite was 0.3% lower at 4,558.

Overnight in Asia, Japan’s Nikkei 225 fell 0.2% to 14,713, as did the broader Topix index to 1,278. And in China, the Shanghai Composite gained 1.0% to 2,217, and the CSI 300 rose 1.2% to 2,338.

Brent spot was trading at $102.78 early today, and in New York, crude oil was at $94.87. Spot gold was trading at $1,288 an ounce, silver was at $19.43 and platinum was at $1,421.

In the forex markets this morning, sterling was trading against the US dollar at 1.6606 and against the euro at 1.2607. The dollar was trading at 0.7592 against the euro and 103.81 against the Japanese yen.

And in the UK, Tesco has issued its second profit warning in two months. The supermarket blamed “challenging trading conditions” and has slashed its dividend by 75%. The shares opened 8.75% lower this morning.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

MoneyWeek magazine

Latest issue:

Magazine cover
Heading higher?

Or are house prices set to fall?

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues

'Would you rather upset God, or have Him just ignore you?'

In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


25 November 1947: The Hollywood Ten blacklisted

Today in 1947 ten Hollywood luminaries were blacklisted and their careers ruined after refusing to answer the questions of the House Un-American Activities Committee.