Last week saw all of the major markets losing ground.
In Europe over the course of the week, the FTSE was lower by 2.4%, it closed at 6663.7; the Dax ended at 9392 falling by 3.6% over the course of the week; the CAC was down by 3.8% to end the session at 4161.5.
The Dow ended the week lower by 3.5% to end at 15879. The Nasdaq composite index ended down by 1.7% over the course of the week at 4128.2.
The Nikkei 225 ended the week’s trading down by 2.2% to end the session at 15392.
Currency Markets Review
On the currency markets last week, the Yen, saw the best of the trading. The Dollar was weaker against Sterling last week, closing at $1.6488 to the Pound; a loss of 0.35% over the week. The Greenback weakened against the Euro last week by 0.91% to close at $1.3678 to the €. The Dollar was weaker against the Japanese currency, closing at 102.4 Yen to the Dollar, making a loss of 1.8% during the week.
The Euro was lower against the Yen ending at 140.0, a slip of 0.93% over the course of the week. It made ground against Sterling last week climbing by 0.56%; the close saw one £ buying €1.2054.
Commodities Market Review
On the commodities market, the price for Brent crude ended higher, at $107.9 per barrel (for March delivery); a rise of 1.3% over the course of the week’s trading. The value of gold was higher last week, closing at $1267 per ounce, representing a rise of 1.4% over the previous week’s value.