Markets: FTSE 100 sees worst week in six weeks

FTSE 100 down 1% to 6,118
Gold down 0.1% to 1,083.92/oz
£/$ - 1.5237

FTSE 100

In Europe, the Paris CAC 40 fell 1% to 4,807, and the German Xetra Dax was 0.7% lower at 10,708.

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In the US, the Dow Jones Industrial Average fell 1.2% to 17,245, the S&P 500 lost 1.1% to 2,023, and the Nasdaq Composite was 1.5% lower at 4,927.

Overnight in Japan, the Nikkei 225 slid 1% to 19,393, and the broader Topix index lost 0.9% to 1,571. And in China, the CSI 300 rose 0.5% to 3,764 and the Shanghai Composite was 0.7% higher at 3,777.

Brent spot was trading at $44.59 early today, and in New York, crude oil was at $40.86. Spot gold was trading at $1,093 an ounce, silver was at $14.35 and platinum was at $866.

In the forex markets this morning, sterling was trading against the US dollar at 1.5193 and against the euro at 1.4152. The dollar was trading at 0.9314 against the euro and 122.82 against the Japanese yen.

And in the UK, housebuilder Taylor Wimpey said its order book is at a record high of 8,546 homes worth £2.1bn after an "excellent summer selling season". For the same period last year, orders totalled 7,814 worth £1.7bn. Sales were up 22% in the first half of the year compared with the same period of last year, with costs up 5%.

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