• FTSE 100 down 0.3% to 6,449
• Gold down 0.24% to $1,254.72/oz
• £/$ – 1.6325
The FTSE 100 carried on its downward trend yesterday, sliding another 0.3% to close at 6,449.
Chipmaker ARM Holdings was the day’s biggest faller, down 4.9% after a disappointing set of results. Precious metals miners were also out of favour. Randgold lost 3.1% and Fresnillo was 1.2% lower.
In Europe on Friday, the Paris CAC 40 rose ten points to 4,117, and the German Xetra Dax lost 59 points to 9,127.
In the US, the Dow Jones Industrial Average rose 0.5% to 15,445, the S&P 500 added 0.8% to 1,755, and the Nasdaq Composite was 0.9% higher at 4,031.
In Asia, the Nikkei 225 rose 1.3% to 14,180 and the broader Topix index gained 2.1% to 1,162. China’s markets remained closed for a public holiday.
In the forex markets this morning, sterling was trading against the US dollar at 1.6316 and against the euro at 1.2065. The dollar was trading at 0.7394 against the euro and 101.31 against the Japanese yen.
And in the UK, shop prices are falling at their fastest rate in seven years, according to the latest figures from the British Retail Consortium. Prices fell by 1% in January, up from 0.8% in December, and the ninth month of falls in a row.