Markets: FTSE 100 continues to slide
The FTSE 100 continued its slide yesterday, shedding a further 0.2% to close at 6,045.
- FTSE 100 down 1.2% to 6,045
- Gold up 0.75% to $1,283.86/oz
- £/$ 1.4271
Financial stocks were again among the biggest fallers. Lloyds Banking Group was the day's worst performer with a 4.2% loss, while Hargreaves Lansdown fell 3%, Admiral lost 2.9% and Schroders, Standard Chartered and Aviva lost between 2.6% and 2.2%. Royal Bank of Scotland, by contrast, rose 1.5%.
In Europe, the Paris CAC 40 fell 1.9% to 4,306 227 the German Xetra Dax 1.8% to 9,657.
In the US, the Dow Jones Industrial Average fell 0.7% to 17,732, the S&P 500 lost 0.8% to 2,079, and the Nasdaq Composite was 0.9% lower at 4,848.
Overnight in Japan, the Nikkei 225 and the broader Topix index each slid 1% to 15,859 and 1,271 respectively. And in China, the CSI 300 , and the Shanghai Composite each rose 0.3% to 3,075 and 2,842 respectively.
In the forex markets this morning, sterling was trading against the US dollar at 1.4143 and against the euro at 1.2566. The dollar was trading at 0.8884 against the euro and 105.90 against the Japanese yen.
And in the UK, retailer Ted Baker reported a big rise in sales in the first quarter. Retail sales in the nine weeks to 11 June rose by 12.7%, with online sales up by 32.3%.