All of the major markets ended lower last week as Eurozone uncertainty continues and American job data dissaponted.
In Europe over the course of the week, the FTSE was down by 1.7%, it closed at 5260.2; the Dax ended the week at 6050.3, falling by 4.6% over the week; the CAC was down by 3.2% to end the session at 2950.5.
The Dow ended the week lower to the tune of 2.7 % at 12118.6. The Nasdaq composite index ended the week at 2747.5 falling 3.2% over the course of the week.
The Nikkei closed down over the course of the week’s trading, falling 1.6% to end the trading session at 8440.3. It has fallen every week for the past 9 weeks.
Currency Markets Review
On the currency markets last week, the Yen saw the best of trading. The Dollar was stronger against Sterling, making 2.4% and closing at 1.53068 to the Pound. The Greenback was also stronger against the Euro last week, rising by 1.8% to close at 1.2322. The Dollar lost ground against the Japanese currency, closing at 78.1123 to the Yen, a fall of 1.8% on the week.
The Euro weakened against the Yen ending at 96.25, a fall of 3.6% over the course of the week. The Euro was stronger against Sterling over the course of the week, climbing by 0.58%; the close saw one £ buying 1.24224.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower, closing at $98.43 per barrel (for July delivery); a fall of 7.9% over the course of the week’s trading and its lowest close since January 2011 – expect petrol prices to fall like a stone (yeah, right…). The value of gold was higher last week, closing at $1606 per ounce, representing a gain of 2.3% over last week’s value.