Markets: FTSE 100 steadies
The FTSE 100 steadied its decline yesterday, slipping just three points to close at 6,568.
- FTSE 100 down three points to 6,568
- Gold up 1.4% to $1,124.46
- £/$ - 1.5613
Energy and mining stocks came under pressure. Rio Tinto led the miners down with a 3.9% fall, Randgold fell 3.3%, and Royal Dutch Shell was 3.1% lower. The day's biggest faller was security firm G4S, which lost 5.2%.
In Europe's markets on Friday, the Paris CAC 40 rose 1.3% to 4,986, and the German Xetra Dax was 0.8% higher at 11,014.
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 rose six points to 17,408, the S&P 500 slipped 0.1% to 2,083, and the Nasdaq Composite fell 0.2% to 5,033.
Overnight in Japan, the Nikkei 225 fell 0.4% to 20,519, and the broader Topix index lost 0.2% to 1,664. And in China, the CSI 300 slipped two points to 4,073, and the Shanghai Composite rose 0.3% to 3,965.
Brent spot was trading at $49.49 early today, and in New York, crude oil was at $42.15. Spot gold was trading at $1,117 an ounce, silver was at $15.44 and platinum was at $992.
In the forex markets this morning, sterling was trading against the US dollar at 1.5608 and against the euro at 1.4019. The dollar was trading at 0.8981 against the euro and 124.37 against the Japanese yen.
And today, nine banks, including HSBC, Barclays and RBS, have agreed to pay $2bn in compensation to US investors after being accused of rigging foreign exchange rates, according to legal firm Hausfield, which is representing the investors. Investors are also suing seven other banks.
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