Markets: FTSE 100 slips back
The FTSE 100 fell back yesterday, losing 0.3% to close at 6,769.
- FTSE 100 down 0.3% at 6,769
- Gold up 0.42% to $1,101.25
- £/$ - 1.5564
Insurer Easyjet was the day's worst performer, down 3.2% ahead of today's results. Barratt Developments fell 2.5%, and Ashtead lost 2.3%.
In Europe's markets yesterday, the Paris CAC 40 fell 0.7% to 5,106, and the German Xetra Dax was 1.1% lower at 11,604.
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% to 17,919, the S&P 500 lost 0.4% to 2,119, and the Nasdaq Composite was 0.2% lower at 5,208.
Overnight in Japan, the Nikkei 225 slid 1.2% to 20,593, and the broader Topix index lost 1.1% to 1,655. And in China, the CSI 300 fell 0.2% to 4,157, and the Shanghai Composite added 0.2% to 4,026.
Brent spot was trading at $56.47 early today, and in New York, crude oil was at $50.16. Spot gold was trading at $1,095 an ounce, silver was at $14.75 and platinum was at $972.
In the forex markets this morning, sterling was trading against the US dollar at 1.5619 and against the euro at 1.4270. The dollar was trading at 0.9138 against the euro and 123.76 against the Japanese yen.
And today, Easyjet reported a 1% fall in revenue in the third quarter to £1.23bn. The number of passengers it carried rose by 6.2% to 19.1m, but revenue was hit by strike action by French air traffic controllers, and a fire at Rome's Fiumicino airport. It expects to see an increase in full-year pre-tax profits of up to 14%, making between £620m and £660m.
-
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