FTSE 100 down 0.3% to 6,611
Gold down 0.14% to $1,162.65/oz
£/$ - 1.5779
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The FTSE 100 ended its winning streak yesterday, falling 0.3% to close at 6,611.
Government contractor Capita was the day's worst performer, sliding 6.5%. But sector peer G4S as one of the biggest climbers, up 2.1% after reporting a rise in income.
In European markets, the Paris CAC 40 fell 65 points to 4,179, and the German Xetra Dax lost 159 points to 9,210.
In the US, the Dow Jones Industrial Average slipped two points to 17,612, the S&P 500 was 0.1% lower at 2,037, and the Nasdaq Composite gained 0.3% to 4,675.
Overnight in Japan, the Nikkei 225 added 1.1% to 17,392, and the broader Topix rose 0.9% to 1,389. And in China, the Shanghai Composite fell 0.4% to 2,485, and the CSI 300 was 0.6% lower at 2,579.
Brent spot was trading at $79.55 early today, and in New York, crude oil was at $76.75. Spot gold was trading at $1,160 an ounce, silver was at $15.62 and platinum was at $1,202.
In the forex markets this morning, sterling was trading against the US dollar at 1.5774 and against the euro at 1.2658. The dollar was trading at 0.8025 against the euro and 115.57 against the Japanese yen.
And in the UK, Virgin Money says it is to float its shares at 283p, valuing the company at £1.25bn. Employees will receive £1,000 worth of shares, which will start trading officially on 18 November.
David Stevenson, former MoneyWeek writer and director of The Fleet Street Letter, believessilver could be about to start a record climb. Click here(capital at risk)to read about the three irresistible forces David believes could push the price of silver through the roof.
-
Paying the grandkids’ school fees could generate a shock IHT billPrivate school fees have soared as a result of the government’s VAT policy, meaning more grandparents are helping out – but what are the tax implications?
-
Number of savings deals hits record high – as interest rates slump to two-year lowSavers have more choice than ever when it comes to choosing a savings account or cash ISA. But, the interest rates on offer continue to fall. What’s next for the savings market?
