Markets: FTSE 100 down to a three-month low

FTSE 100 down 1.1% to 6,710
Gold up 0.4% to $1,186.38
£/$ - 1.5601

Housebuilders were the worst hit. Taylor Wimpey was the day's biggest faller, down 2.9%, and Barratt lost 2.5%. Just four stocks made it in to positive territory: Randgold, Tesco, Compass and BG Group.

In Europe's markets yesterday, the Paris CAC 40 lost 1.8% to 4,815, and the German Xetra Dax slid 1.9% to 10,984.

In the US, the Dow Jones Industrial Average fell 0.6% to 17,791, the S&P 500 lost 0.5% to 2,084, and the Nasdaq Composite was 0.4% lower at 5,029.

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Overnight in Japan, the Nikkei 225 fell 0.6% to 20,257, and the broader Topix index was 0.7% lower at 1,639. And in China, the Shanghai Composite fell 3.5% to 4,887, and the CSI 300 slid 3% to 5,065.

Brent spot was trading at $64.19 early today, and in New York, crude oil was at $60.26. Spot gold was trading at $1,184 an ounce, silver was at $16.04, and platinum was at $1,087.

In the forex markets this morning, sterling was trading against the US dollar at 1.5595 and against the euro at 1.3811. The dollar was trading at 0.8855 against the euro and 123.48 against the Japanese yen.

And in the UK, property asking prices have risen to new highs, according to the latest figures from Rightmove. The averages asking price for a home in England and Wales now stands at £294,351, up by 3% in June.

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