By: DailyForex.com
At the end of last week’s trading, the world’s major markets ended higher with the one exception of Japan’s Nikkei.
In Europe over the course of the week, the FTSE was up by 1.5%, it closed at 6521.5; the Dax ended at 8122.3, rising by 3.9% over the course of the week; the CAC was up by 2.7% to end the session at 3913.
The Dow ended the week higher, climbing by 1.8% to 14974. The Nasdaq composite index ended at 3378.6, making 3% over the course of the week.
The Nikkei 225 ended the week’s trading down by 1.4% to end the session at 13694.
Currency Markets Review
On the currency markets last week, the Euro saw the best of trading. The Dollar was weaker against Sterling last week, closing at 1.5562 to the Pound; a loss of 0.55% over the week. The Greenback weakened against the Euro last week falling by 0.66% to close at 1.3111. The Dollar was stronger against the Japanese currency, closing at 99.12 to the Yen, making a gain of 1.3% during the week.
The Euro strengthened against the Yen ending at 129.95, a gain of 1.9% over the course of the week. The Euro made ground against Sterling last week rising by 0.11%; the close saw one £ buying €1.1870.
Commodities Market Review
On the commodities market, the price for Brent crude ended higher, at $104.2 per barrel (for June delivery); a rise of 1% over the course of the week’s trading. The value of gold was lower last week, closing at $1469.3 per ounce, representing a fall of 0.15% over last week’s value.