Global markets roundup, 31 July

• FTSE 100 down 0.5% to 6,773
• Gold down 0.2% to $1,296.32/oz
• £/$ – 1.6913

Further sanctions imposed on Russia weighed on the FTSE 100 in yesterday’s trading, which fell half a percent to 6,773.

Chilean miner Antofagasta was the day’s biggest faller, down 4.6%. And shares in engineering group GKN fell 4.0%.

Meanwhile, Barclays bank bucked the trend, gaining 4.2%, after insurance claims data was better than expected.

In Europe, the Paris CAC 40 fell 54 points to 4,312, and the German Xetra Dax dropped 60 points to 9,594.

In the US, the Dow Jones Industrial Average slipped 0.2% to 16,880, the S&P 500 was flat at 1,970, and the Nasdaq Composite was 0.5% higher at 4,463.

Overnight in Asia, Japan’s Nikkei 225 fell 0.2% to 15,621, as did the broader Topix index to 1,289. And in China, the Shanghai Composite gained 0.9% to 2,202, and the CSI 300 added 1.2% to 2,350.

Brent spot was trading at $105.78 early today, and in New York, crude oil was at $99.35. Spot gold was trading at $1,296 an ounce, silver was at $20.67 and platinum was at $1,474.

In the forex markets this morning, sterling was trading against the US dollar at 1.6891 and against the euro at 1.2610. The dollar was trading at 0.7465 against the euro and 102.85 against the Japanese yen.

And in the UK, house prices rose by just 0.1% in July, compared to 1% in June, according to data from the Nationwide. Year-on-year, prices rose by 10.6% in July, down from 11.8% the previous month. The average value of a house in Britain now stands at £188,949.

• This article is taken from our free daily investment email, Money Morning. Sign up to Money Morning here.

Merryn

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