Markets: FTSE 100 continues its fall
The FTSE 100 started the week with more falls slipping a further 0.4% to close at 6,953.
- FTSE 100 down 0.4% to 6,953
- Gold down 0.12% to $1,189.10
- £/$ - 1.5201
Energy and commodity stocks were the main drag on the market. Engineering firm Weir Group was the day's biggest faller, down 3.4%, while Royal Dutch Shell lost 1.6%. Among miners, Anglo American fell 2.2%, Glencore lost 2.2% and BHP Billiton was 1.5% lower.
In Europe's markets yesterday, the Paris CAC 40 rose 0.4% to 5,025, and the German Xetra Dax added 0.2% to 11,436.
In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.2% to 18,040 and 2,111 respectively, and the Nasdaq Composite was 0.3% higher at 5,082.
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
Overnight in Japan, the Nikkei 225 slipped 0.1% to 20,543, and the broader Topix index fell 0.3% to 1,674. And in China, the Shanghai Composite and the CSI 300 each added 1.7% to 4,910 and 5,162 respectively.
Brent spot was trading at $65.42 early today, and in New York, crude oil was at $60.70. Spot gold was trading at $1,188 an ounce, silver was at $16.66, and platinum was at $1,104.
In the forex markets this morning, sterling was trading against the US dollar at 1.5211 and against the euro at 1.3862. The dollar was trading at 0.9112 against the euro and 124.56 against the Japanese yen.
And in a bid to reduce costs, HSBC is to cut 20,000 jobs globally, according to a report by Sky News. The bank currently employs some 258,000 people.
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published