Global markets roundup, 9 July

• FTSE 100 down 1.3% to 6,738

• Gold down 0.05% to $1,319.94/oz

• £/$ – 1.7131

The FTSE 100 saw some heavy losses yesterday, sliding 1.3% to close at 6,738.

Airlines were the worst hit. International Consolidated Airlines slid 7% and Easyjet fell 5.8%. Insurers were among the few risers, however. Friends Life added 0.3%, while Prudential, Admiral and Standard Life gained between 0.2% and 0.1%.

In Europe, the Paris CAC 40 fell 63 points to 4,342, and the German Xetra Dax lost 134 points to 9,772.

In the US, the Dow Jones Industrial Average and the S&P 500 each lost 0.7% to 16,906 and 1,963 respectively, and the Nasdaq Composite was 1.4% lower at 4,391.

Overnight in Japan, the Nikkei 225 slipped 0.1% to 15,302, and the broader Topix index fell 0.4% to 1,270. And in China, the Shanghai Composite lost 1.2% to 2,038, and the CSI 300 slid 1.5% to 2,148.

Brent spot was trading at $108.58 early today, and in New York, crude oil was at $103.35. Spot gold was trading at $1,324 an ounce, silver was at $21.02 and platinum was at $1,494.

In the forex markets this morning, sterling was trading against the US dollar at 1.71194 and against the euro at 1.2573. The dollar was trading at 0.7344 against the euro and 101.67 against the Japanese yen.

And in the UK, house prices fell by 0.6% in June, according to the latest figures from the Halifax. Year on year, prices rose by 8.8%, with the average price of a home now standing at £183,462.

Merryn

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