Global markets roundup, 9 April

• FTSE 100 down 0.5% to 6,590

• Gold up 0.87% to $1,308.63/oz

• £/$ – 1.6747

The FTSE 100 slid further yesterday falling another 0.5% to close at 6,590.

Retailer Sports Direct was the day’s worst performer, shedding 9.2% after founder Mike Ashley was reported to be selling £200m-worth of shares. Other big fallers included industrial equipment supplier Ashtead, which lost 5.4% as investors took profits, and wealth manager St James’s Place, which fell 5.2%.

In Europe yesterday, the Paris CAC 40 fell 12 points to 4,424 and the German Xetra Dax slid 20 points to 9,490.

In the US, the Dow Jones Industrial Average rose 0.1% to 16,256, the S&P 500 added 0.4% to 1,851, and the Nasdaq Composite was 0.8% higher at 4,112.

Overnight in Japan, the Nikkei 225 and the broader Topix index each fell 2.1% to 14,299 and 1,150 respectively. And in China, the Shanghai Composite rose 0.3% to 2,105, and the CSI 300 added 0.1% to 2,238.

Brent spot was trading at $107.46 early today, and in New York, crude oil was at $102.34. Spot gold was trading at $1,310 an ounce, silver was at $19.89 and platinum was at $1,441.

In the forex markets this morning, sterling was trading against the US dollar at 1.6743 and against the euro at 1.2134. The dollar was trading at 0.7247 against the euro and 101.99 against the Japanese yen.

And in the UK, shop prices fell by 1.7% in the year to March, according to the British Retail Consortium. Clothing was the main drag, down by 12.8%, and electrical goods fell by 4.4%. Food inflation slowed to 0.8%, from 1.1% in February.

 

Merryn

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