Markets: FTSE 100 slips back

The FTSE 100 started the week on the back foot yesterday slipping 0.5% to close at 6,305.

By
published
in Features
  • FTSE 100 down 0.5% to 6,305
  • Gold down 0.81% to 1,069.20/oz
  • £/$ - 1.5124

FTSE 100

TUI Travel was the day's biggest faller, down 3.5%. Supermarkets were also out of favour, with Tesco falling 3.4% and Morrisons 2.8% lower.

In Europe, the Paris CAC 40 fell 0.4% to 4,889, and the German Xetra Dax lost 0.2% to 11,092.

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 slipped 0.2% to 17,792, the S&P 500 fell 0.1% to 2,086, and the Nasdaq Composite was two points lower at 5,102.

Overnight in Japan, the Nikkei 225 added 0.2% to 19,924, and the broader Topix index rose 0.2% to 1,605. And in China, the CSI 300 was unchanged at 3,753, and the Shanghai Composite rose 0.2% to 3,616.

Brent spot was trading at $45.30 early today, and in New York, crude oil was at $42.26. Spot gold was trading at $1,074 an ounce, silver was at $14.17 and platinum was at $842.

In the forex markets this morning, sterling was trading against the US dollar at 1.5122 and against the euro at 1.4204. The dollar was trading at 0.9393 against the euro and 122.55 against the Japanese yen.

And today, retailer Kingfisher reported a fall in profits for the third quarter, despite a rise in sales. Retail profits fell 6.6% to £223m. Like-for-like sales rose by 4.6 % in the UK, but just 0.1% in France. The group's Screwfix stores saw like for like sales up by 13.3%.

MoneyWeek
Latest