Global markets roundup,

• FTSE 100 down 0.7% to 6,672

• Gold up 0.6% to $1,335.75/oz

• £/$ – 1.7132

The FTSE 100 saw further falls yesterday, down another 0.7% to close at 6,672.

Hargreaves Lansdown was  the day’s worst performer with a 4.4 % slide. And at the other end of the table Burberry added 3.2% after reporting a rise in sales. Precious metals miners were also in demand. Randgold rose 2.8% and Fresnillo was 1.7% higher.

In Europe, the Paris CAC 40 fell 58 points to 4,301, and the German Xetra Dax lost 49 points to 9,659.

In the US, the Dow Jones Industrial Average and the S&P 500 each fell 0.4% to 16,915 and 1,964 respectively, and the Nasdaq Composite was 0.5% lower at 4,396.

Overnight in Japan, the Nikkei 225 and the broader Topix index each fell 0.3% to 15,164 and 1,255 respectively. And in China, the Shanghai Composite rose 0.4% to 2,046, and the CSI 300 added 0.2% to 2,148.

Brent spot was trading at $108.23 early today, and in New York, crude oil was at $102.55. Spot gold was trading at $1,336 an ounce, silver was at $21.42 and platinum was at $1,510.

In the forex markets this morning, sterling was trading against the US dollar at 1.7129 and against the euro at 1.2587. The dollar was trading at 0.7348 against the euro and 101.34 against the Japanese yen.

And in the UK, MPs have accused the government of botching the privatisation of Royal Mail, saying it cost the taxpayer £1bn. Investment banks Lazard, Goldman Sachs and UBS were also criticised for giving “poor quality” advice.

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

MoneyWeek magazine

Latest issue:

Magazine cover
Party's over for Putin

The only portfolio safe from Russia's rout

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

Hedge fund manager Hugh Hendry: 'It felt like the sun rose only to humiliate me'

In a series of three short videos, Merryn Somerset-Webb talks to Hugh Hendry, manager of the Eclectica hedge fund, about everything from China to the US, Europe, and Japan.


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.


18 December 1912: Piltdown Man – the 'missing link'

One of the world's greatest scientific hoaxes took place today in 1912, with the presentation of human evolution's missing link to the Geological Society in London.