• 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.
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.