Markets: FTSE 100 sees worst week in six weeks
The FTSE 100 fell further on Friday, closing down 1% to close at 6,118. The index is down 3.7% on the week – its worst weekly performance in six weeks.
- FTSE 100 down 1% to 6,118
- Gold down 0.1% to 1,083.92/oz
- £/$ - 1.5237
Rolls Royce continued to fall, losing a further 4.3%. G4S lost 3.6% and Aberdeen Asset Management was 3.5% lower.
In Europe, the Paris CAC 40 fell 1% to 4,807, and the German Xetra Dax was 0.7% lower at 10,708.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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 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%.
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
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published