• FTSE 100 down 0.7% to 6,775
• Gold up 0.19% to $1,336.90/oz
• £/$ – 1.6722
Markets swung back down again yesterday. The FTSE 100 slid 0.7% to close at 6,775.
Melrose was the biggest faller of the day, down 7.8% after warning on profits. Engineering group Meggitt was also out of favour, with a 3.9% fall.
In Europe yesterday, the Paris CAC 40 slipped four points to 4,391 and the German Xetra Dax fell 47 points to 9,542.
In the US, the Dow Jones Industrial Average lost 0.2% to 16,360, the S&P 500 was flat at 1,873, and the Nasdaq Composite gained 0.1% to 4,357.
Overnight in Japan, the Nikkei 225 rose 1.6% to 15,134 and the broader Topix added 1.3% to 1,228. And in China, the Shanghai Composite rose 0.3% to 2,059, and the CSI 300 gained 0.5% to 2,173.
In the forex markets this morning, sterling was trading against the US dollar at 1.6717 and against the euro at 1.2178. The dollar was trading at 0.7285 against the euro and 102.76 against the Japanese yen.
And in the UK, house prices continue to rise unabated. Prices rose by 2.4% in February, and are 7.9% higher than a year ago, according to the latest figures from the Halifax. The average price of a home now stands at £179,872.