By: DailyForex.com
Another good week for the world’s major stock exchanges was slightly marred by the Nasdaq which was the only major exchange to slip back.
In Europe over the course of the week, the FTSE was up by 1.2%, it closed at 6630.7; the Dax ended at 8331.6 climbing by 1.5% over the course of the week; the CAC was up by 1.8% to end the session at 3925.3.
The Dow ended the week higher making 0.51% to end at 15543.7. The Nasdaq composite index ended at 3587.6, falling 0.35% over the course of the week.
The Nikkei 225 ended the week’s trading up by 0.58% to end the session at 14590.
Currency Markets Review
On the currency markets last week, Sterling saw the best of trading. The Dollar was weaker against Sterling last week, closing at 1.5275 to the Pound; a fall of 1.1% over the week. The Greenback weakened against the Euro last week falling by 0.73% to close at 1.3140. The Dollar was stronger against the Japanese currency, closing at 100.47 to the Yen, making a gain of 1.0% during the week.
The Euro strengthened against the Yen ending at 132.0, a gain of 1.8% over the course of the week. It lost ground against Sterling last week slipping by 0.40%; the close saw one £ buying €1.1625.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower, at $108.1 per barrel (for September delivery); a fall of 0.68% over the course of the week’s trading. The value of gold was higher last week, closing at $1295.8 per ounce, representing a gain of 1.3% over the previous week’s value.