Last week was a positive one for the world’s major markets with only the FTSE losing ground.
In Europe over the course of the week, the FTSE was down by 0.58%, it closed at 6815.8; the Dax ended at 9768, up by 1.4% on last week’s close; the CAC was up by 0.83% to end the session at 4493.2.
The Dow ended the week up by 0.7% to close at 16606. The Nasdaq composite index ended up by 2.3% over the course of the week at 4185.8.
The Nikkei 225 ended the week’s trading up by 2.6% to end the session at 14462.
Currency Markets Review
On the currency markets last week, Sterling saw the best of the trading. The Dollar was weaker against Sterling last week, closing at $1.6866 to the Pound; a fall of 0.24% over the week. The Greenback strengthened against the Euro last week by 0.45% to close at $1.3646 to the €. The Dollar was stronger against the Japanese currency, closing at 101.8 Yen to the Dollar, making a gain of 0.26% during the week.
The Euro weakened against the Yen ending at 138.9, a loss of 0.18% over the course of the week. It lost ground against Sterling last week falling by 0.69%; the close saw one £ buying €1.2360.
Commodities Market Review
On the commodities market, the price for Brent crude ended higher at $110.5 per barrel (for July delivery), a gain of 0.72% over the course of the week’s trading. The value of gold was unchanged last week, closing at $1291.5 per ounce.