Global markets roundup, 8 August

• FTSE 100 down 0.6% to 6,597
• Gold up 0.52% to $1,312.62/oz
• £/$ – 1.6833

The FTSE 100 slipped further yesterday, falling 0.6% to close at 6,597.

Greek drinks bottling company Coca Cola HBC was the day’s biggest faller with a 5.3% drop after giving a gloomy forecast of its prospects for the year. Other poor performers included Easyjet, which lost 3.4%, and RSA Insurance, which was 3% lower.

In Europe, the Paris CAC 40 fell 58 points to 4,149, and the German Xetra Dax lost 92 points to 9,038.

In the US, the Dow Jones Industrial Average fell 0.5% to 16,448, the S&P 500 lost 0.6% to 1,909, and the Nasdaq Composite was 0.5% lower at 4,334.

Overnight in Japan, the Nikkei 225 slid 3% to 14,778, and the broader Topix index fell 2.4% to 1,228. And in China, the Shanghai Composite rose 0.3% to 2,194, and the CSI 300 gained 0.2% to 2,331.

Brent spot was trading at $106.52 early today, and in New York, crude oil was at $98.12. Spot gold was trading at $1,317 an ounce, silver was at $20.00 and platinum was at $1,479.

In the forex markets this morning, sterling was trading against the US dollar at 1.6802 and against the euro at 1.2557. The dollar was trading at 0.7473 against the euro and 101.70 against the Japanese yen.

And today, TUI Travel reported a big rise in profits for the third quarter, despite a drop in sales.  Underlying operating profits rose by 21% to £95m. Sales fell by 2% to 3.8bn.

Merryn

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