Last week saw all the major markets regaining ground.
In Europe over the course of the week, the FTSE was up by 2.1%, it closed at 6822.4; the Dax ended at 9556, up by 1.6% on last week’s close; the CAC was up by 0.33% to end the session at 4458.2.
The Dow ended the week up by 3% to close at 16513. The Nasdaq composite index ended up by 1.2% over the course of the week at 4123.9.
The Nikkei 225 ended the week’s trading up by 0.2% to end the session at 14458.
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 $1.6862 to the Pound; a loss of 0.33% over the week. The Greenback weakened against the Euro last week by 0.19% to close at $1.3863 to the €. The Dollar was stronger against the Japanese currency, closing at 102.4 Yen to the Dollar, making a gain of 0.22% during the week.
The Euro strengthened against the Yen ending at 141.9, a gain of 0.41% over the course of the week. It lost ground against Sterling last week falling by 0.14%; the close saw one £ buying €1.2164.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower at $108.6 per barrel (for June delivery), a fall of 0.9% over the course of the week’s trading. The value of gold was lower last week, closing at $1281 per ounce, representing a loss of 1.5% over the previous week’s value.