Markets: FTSE 100 starts the week lower
In yesterday's markets, the FTSE 100 slid 1%, after poor economic data emerged from Europe.
- FTSE 100 down 1% to 6,722
- Gold up 3.83% to $1,212.09/oz
- £/$ - 1.5730
FTSE 100
Tullow Oil was once again under fire, falling 6%. Travel stocks were also under fire. Cruise operator Carnival fell 4.5%, InterContinental Hotels fell 3.8%, and TUI Travel was 3% lower.
In European markets, the Paris CAC 40 fell 13 points to 4,377, and the German Xetra Dax lost 17 points to 9,963.
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
In the US, the Dow Jones Industrial Average fell 0.3% to 17,776, the S&P 500 lost 0.7% to 2,053, and the Nasdaq Composite was 1.3% lower at 4,727.
Overnight in Japan, the Nikkei 225 and the broader Topix each rose 0.4% to 17,663 and 1,427 respectively. And in China, the Shanghai Composite jumped 3.1% to 2,763 and the CSI 300 gained 3.7% to 2,923.
Brent spot was trading at $72.22 early today, and in New York, crude oil was at $68.47. Spot gold was trading at $1,200 an ounce, silver was at $16.18 and platinum was at $1,215.
In the forex markets this morning, sterling was trading against the US dollar at 1.5715 and against the euro at 1.2636. The dollar was trading at 0.8041 against the euro and 118.85 against the Japanese yen.
And today, Aviva has agreed the terms of its £5.6bn takeover of smaller rival Friends Life. The deal will create Britain's largest life insurance company, with 16 million customers. Both companies' share prices were up in today's early trading Friends life by 2%, and Aviva by 0.2%.
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.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
8 of the best riverside properties for sale
The best riverside properties for sale – from a Grade II-listed former mill house with views over the River Chelmer in Essex, to a townhouse on a Georgian terrace overlooking the Avon Gorge in Clifton, Bristol
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?