By: Daily Forex.com
Another good week for the world’s major stock exchanges saw all of the majors end higher.
In Europe over the course of the week, the FTSE was up by 1.4%, it closed at 6647.9; the Dax ended at 8406.9 climbing by 2% over the course of the week; the CAC was up by 1.9% to end the session at 4045.7.
The Dow ended the week higher making 0.64% to end at 15658.4. The Nasdaq composite index ended at 3689.6, making 2.1% over the course of the week.
The Nikkei 225 ended the week’s trading up by 2.4% to end the session at 14466.
Currencly Markets in Review
On the currency markets last week, the Euro saw the best of trading, just shading out the Dollar. The Dollar was stronger against Sterling last week, closing at 1.5273 to the Pound; a gain of 0.6% over the week. The Greenback weakened marginally against the Euro last week falling by 0.06% to close at 1.3269. The Dollar was stronger against the Japanese currency, closing at 99.02 to the Yen, making a gain of 0.78% during the week.
The Euro strengthened against the Yen ending at 131.4, a gain of 0.84% over the course of the week. It made ground against Sterling last week gaining 0.67%; the close saw one £ buying €1.1510.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower, at $109.0 per barrel (for September delivery); a gain of 1.7% over the course of the week’s trading. The value of gold was lower last week, closing at $1309.3 per ounce, representing a loss of 1.7% over the previous week’s value.
The data that supports this article is drawn from Bloomberg, The Financial Times and X-rates.