- FTSE 100 down 0.9% to 6,749
- Gold down 2.1% to $1,257.38/oz
- £/$ - 1.5067
International Consolidated Airlines was the biggest faller of the day, down 3.5% after it was revealed that Qatar Airways is to take a 9.99% stake. Supermarkets were also out of favour, with Sainsbury's down 3.2%, and Morrison's 2.7% lower.
In European markets, the Paris CAC 40 fell 27 points to 4,604, and the German Xetra Dax fell 43 points to 10,694
In the US, the Dow Jones Industrial Average slid 1.5% to 17,164, the S&P 500 lost 1.3% to 1,994, and the Nasdaq Composite was 1% lower at 4,635.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Overnight in Japan, the Nikkei 225 fell 0.7% to 17,558, and the broader Topix index lost 0.5% to 1,408. And in China, the Shanghai Composite fell 2.6% to 3,128, and the CSI 300 was 2.3% lower at 3,353
Latest Videos FromMoneyWeek
Brent spot was trading at $51.69 early today, and in New York, crude oil was at $46.94. Spot gold was trading at $1,277 an ounce, silver was at $17.04 and platinum was at $1,227.
In the forex markets this morning, sterling was trading against the US dollar at 1.5048 and against the euro at 1.3290. The dollar was trading at 0.8831 against the euro and 117.73 against the Japanese yen.
And today, Ryanair raised its profits forecast for the year after reporting a net profit of €49m for the three months to December 31. The airline now expects to make a net profit of between €840m and €850m for the year. It had previously forecast between €810m and €830m.
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.
