UK stocks lower before the weekend

The FTSE 100 fell five points on Friday, going into the long weekend at 6,271.

FTSE 100 up 0.1% to 6,271 Gold down 0.6% to $1,205.57/oz £/$ 1.4640

The FTSE 100 fell five points on Friday, going into the long weekend at 6,271.

Royal Mail was the highest riser, up 2.0%. Cruise operator Carnival followed with a gain of 1.8%, and investment manager 3i was 1.7% higher.

Miners crowded the other end of the index. Anglo American fell 2.7%, Antofagasta, 2.5% and Randgold Resources was down 2.1%.

In Europe yesterday, the Paris CAC 40 rose 14 points to 4,529, and the German Xetra Dax gained 47 points to 10,333.

In the US, markets were closed for a holiday.

Overnight in Asia, Japan's Nikkei 225 rose 1.0% to 17,235, as did the broader Topix index to 1,380. And in China, the Shanghai Composite added 3.3% to 2,916, and the CSI 300 rose 3.4% to 3,170.

Brent spot was trading at $47.79 early today, and in New York, crude oil was at $49.68. Spot gold was trading at $1,212 an ounce, silver was at $16.05 and platinum was at $976.

In the forex markets this morning, sterling was trading against the US dollar at 1.4641 and against the euro at 1.3159. The dollar was trading at 0.8985 against the euro and 111.20 against the Japanese yen.

And in the news this morning, Nestl has agreed to pay €100m for the rights to a testing kit, developed by French biotech group, DBV Technologies, for babies who are allergic to milk. Swiss-based Nestl is seeking to boost sales of its formulas for infants.

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