Markets: FTSE 100 continue to slide on China’s currency devaluation
The FTSE 100 continued to fall after China’s devaluation of its currency. The index lost a further 1.4% to close at 6,664.
- FTSE 100 down 1.4% to 6,571
- Gold up 1.4% to $1,124.46
- £/$ - 1.5613
Commodities giant Glencore was the day's worst performer, sliding 3.2%. But precious metals miners tracked the price of gold up Randgold added 5.1%, while Fresnillo rose 1%.
In Europe's markets on Friday, the Paris CAC 40 slid 3.4% to 4,925, and the German Xetra Dax was 3.3% lower at 10,924.
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 was unchanged at 17,402, the S&P 500 rose 0.1% to 2,086, and the Nasdaq Composite added 0.2% to 5,036.
Overnight in Japan, the Nikkei 225 rose 1% to 20,595, and the broader Topix index gained 0.1% to 1,667. And in China, the CSI 300 added 1.5% to 4,075, and the Shanghai Composite rose 1.8% to 3,954.
Brent spot was trading at $50.09 early today, and in New York, crude oil was at $43.48. Spot gold was trading at $1,118 an ounce, silver was at $15.38and platinum was at $991.
In the forex markets this morning, sterling was trading against the US dollar at 1.5623 and against the euro at 1.4059. The dollar was trading at 0.8999 against the euro and 124.55 against the Japanese yen.
And today, TUI Travel reported lower profits in the wake of the shootings in Tunisia. The company, which owns Thomson and First choice, said profits fell by €10m (£7m) in the third quarter to €49.4m. Annual earnings would be "at the upper end" of forecasts, it said.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Shangri-La Rasa Ria – a walk on the wild side in Malaysia
Travel Vaishali Varu connects with nature with a stay at Shangri-La Rasa Ria on the island of Borneo
-
How have the original AIM stocks performed over 30 years?
As AIM celebrates its 30th anniversary this month, we take a look at the original AIM stocks – and how they have performed. Which company has posted a 6,331% return, and which one has fallen 99%?