The world’s major markets ended the week mixed.
In Europe over the course of the week, the FTSE was flat, it closed at 5666.1; the Dax ended at 6557.1, climbing by 2.3% over the week; the CAC was up by 0.38% to end the session at 3180.8.
The Dow ended the week flat at 12777.1. The Nasdaq composite index ended the week at 2908.5 climbing 2.3% over the course of the week.
The Nikkei closed down over the course of the week’s trading, shedding 3.3% to end the trading session at 8724.1.
Currency Markets Review
On the currency markets last week, the Yen saw the best of trading. The Dollar was stronger against Sterling, making 0.43% and closing at 1.5473 to the Pound. The Greenback was also higher against the Euro last week, climbing by 1.55% to close at 1.2185. The Dollar lost ground against the Japanese currency, closing at 79.2778 to the Yen, a fall of 0.76% on the week.
The Euro weakened against the Yen ending at 96.6, a loss of 2.3% over the course of the week. The Euro was lower against Sterling over the course of the week, falling by 1.1%; the close saw one £ buying 1.26984.
Commodities Market Review
On the commodities market, the price for Brent crude ended higher, closing at $102.4 per barrel (for August delivery); a rise of 4.3% over the course of the week’s trading. The value of gold was higher last week, closing at $1595.5 per ounce, representing a gain of 0.54% over last week’s value.