The world’s major markets ended the week broadly flat with no spectacular gains or losses.
In Europe over the course of the week, the FTSE was up by 1.6%, it closed at 5662.6; the Dax ended at 6410.1, falling by 0.1% over the week; the CAC was down by 0.87% to end the session at 3168.8.
The Dow ended the week lower to the tune of 0.84 % at 12772.5. The Nasdaq composite index ended the week at 2937.3 climbing just 0.08% over the course of the week.
The Nikkei closed up over the course of the week’s trading, making 0.16% to end the trading session at 9020.8.
Currency Markets Review
On the currency markets last week, the Dollar saw the best of trading. The Dollar was stronger against Sterling, making 0.42% and closing at 1.55392 to the Pound. The Greenback was also higher against the Euro last week, climbing by 1.69% to close at 1.2377. The Dollar also made ground against the Japanese currency, closing at 79.882 to the Yen, a gain of 0.44% on the week.
The Euro weakened against the Yen ending at 98.87, a loss of 1.3% over the course of the week. The Euro was lower against Sterling over the course of the week, falling by 1.3%; the close saw one £ buying 1.25549.
Commodities Market Review
On the commodities market, the price for Brent crude ended higher, closing at $98.2 per barrel (for August delivery); a rise of 0.4% over the course of the week’s trading. The value of gold was lower last week, closing at $1587 per ounce, representing a loss of 0.72% over last week’s value.