Global markets roundup, 5 June

The FTSE 100 fell further yesterday, slipping 0.3% to close at 6,818.

The day’s biggest faller was National Grid, which slid 5.4% after going ex-dividend. Supermarkets were also under fire, as Sainsbury’s fell 1.9% and Tesco lost 1.3%.

In Europe, the Paris CAC 40 slipped two points to 4,501, and the German Xetra Dax rose seven points to 9,926.

In the US, the Dow Jones Industrial Average rose 0.1% to 16,737, the S&P 500 added 0.2% to 1,927, and the Nasdaq Composite was 0.4% higher at 4,251.

Overnight in Japan, the Nikkei 225 gained 0.1% to 15,079 and the broader Topix fell 0.1% to 1,232. And in China, the Shanghai Composite rose 0.8% to 2,040, and the CSI 300 was 1.1% higher at 2,150.

Brent spot was trading at $108.17 early today, and in New York, crude oil was at $102.37. Spot gold was trading at $1,243 an ounce, silver was at $18.74 and platinum was at $1,426.

In the forex markets this morning, sterling was trading against the US dollar at 1.6751 and against the euro at 1.2313. The dollar was trading at 0.7350 against the euro and 102.56 against the Japanese yen.

And today, online retailer Asos issued a profits warning. The company said it expects to make £45m this year – analysts had been expecting nearer £66m. Shares were down by 40% in early trading today.

Merryn

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