By: DailyForex.com
At the end of last week’s trading, all of the world’s major markets again ended higher. In Europe over the course of the week, the FTSE was up by 1.5%, it closed at 6723.1; the Dax ended at 8398, rising by 1.4% over the course of the week; the CAC was up by 1.2% to end the session at 4001.3.
The Dow ended the week higher, climbing by 1.6% to 15354.4. The Nasdaq composite index ended at 3499, making 1.8% over the course of the week. The Nikkei 225 ended the week’s trading up by 3.6% to end the session at 15138.1.
On the currency markets last week, the Dollar again saw the best of trading. The Dollar was stronger against Sterling last week, closing at 1.5245 to the Pound; a gain of 0.58% over the week. The Greenback strengthened against the Euro last week climbing by 0.72% to close at 1.2859. The Dollar was stronger against the Japanese currency, closing at 102.31 to the Yen, making a gain of 0.55 % during the week.
The Euro weakened against the Yen ending at 131.56, a loss of 0.18% over the course of the week. The Euro lost ground against Sterling last week falling by 0.15%; the close saw one £ buying €1.1855.
On the commodities market, the price for Brent crude ended higher, at $104.6 per barrel (for July delivery); a rise of 0.7% over the course of the week’s trading. The value of gold was lower last week, closing at $1368.8 per ounce, representing a fall of 4.1% over last week’s value. The data that supports this article is drawn from Bloomberg, The Financial Times and X-rates.