• FTSE 100 down 0.8% to 6,460
• Gold up 1.05% to $1,257.68/oz
• £/$ – 1.6305
The FTSE 100 continued its slide yesterday. The index closed down 0.8% at 6,460.
Financial stocks were among the worst performers. Lloyds Banking Group was the biggest faller of the day with a 4.1% fall, and Barclays lost 2.6%. Aberdeen Asset Management slid 3.9%, and Hargreaves Lansdown was 2.5% lower.
In Europe on Friday, the Paris CAC 40 fell 58 points to 4,107, and the German Xetra Dax lost 110 points to 9,186.
In the US, the Dow Jones Industrial Average slid 2.1% to 15,372, the S&P 500 lost 2.3% to 1,741, and the Nasdaq Composite was 2.6% lower at 3,996.
In Asia, the Nikkei 225 slumped 4.2% to 14,008 and the broader Topix index fell 4.8% to 1,139. China’s markets remained closed for a public holiday.
In the forex markets this morning, sterling was trading against the US dollar at 1.6297 and against the euro at 1.2068. The dollar was trading at 0.7404 against the euro and 101.31 against the Japanese yen.
And today, BP reported a big fall in profits for the fourth quarter. Profits before tax fell to $1.2bn, down from $5.7bn in the third quarter. The company said the Deepwater Horizon oil spill has so far cost it $42.7bn.
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