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.

By
published
in Features
  • FTSE 100 down 1% to 6,118
  • Gold down 0.1% to 1,083.92/oz
  • £/$ - 1.5237

FTSE 100

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

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.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

Sign up

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%.

MoneyWeek
Latest