Markets: FTSE 100 slips further after Greek ‘no’
The FTSE 100 fell further yesterday after Greece voted ‘no’ in its referendum. The index closed down 0.8% at 6,535.
- FTSE 100 down 0.8% to 6,535
- Gold up 0.16% to $1,170.35
- £/$ - 1.5605
Rolls Royce was the day's biggest faller, down 6.3% after issuing its third profits warning in a year. RBS was 3.6% lower, while fund manager Schroders lost 3.6%, and Hargreaves Lansdown fell 2.3%.
In Europe's markets yesterday, the Paris CAC 40 fell 2% to 4,711, and the German Xetra Dax was 1.5% lower at 10,890.
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 17,688, the S&P 500 lost 0.4% to 2,068, and the Nasdaq Composite was 0.3% lower at 4,991.
Overnight in Japan, the Nikkei 225 rose 1.3% to 20,376, and the broader Topix index added 1% to 1,637. And in China, the CSI 300 fell 1.8% to 3,928, and the Shanghai Composite lost 1.3% to 3,727.
Brent spot was trading at $57.06 early today, and in New York, crude oil was at $52.96. Spot gold was trading at $1,167 an ounce, silver was at $15.64 and platinum was at $1,060.
In the forex markets this morning, sterling was trading against the US dollar at 1.5544 and against the euro at 1.4116. The dollar was trading at 0.9081 against the euro and 122.74 against the Japanese yen.
And in the UK, Marks & Spencer reported a 0.4% all in like-for like non-food sales for the last quarter better than the 1% fall expected by analysts. Like-for-like food sales rose by 0.3%, while total food sales were up by 3.2%. Shares were up slightly in today's early trading.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published