Last week was a positive one for the world’s major markets with all of the major markets making ground.
In Europe over the course of the week, the FTSE was up by 0.2%, it closed at 6858.2; the Dax ended at 9987.2, up by 0.44% on last week’s close; the CAC was up by 1.4% to end the session at 4581.2.
The Dow ended the week up by 1.2% to close at 16924. The Nasdaq composite index ended up by 1.9% over the course of the week at 4321.4.
The Nikkei 225 ended the week’s trading up by 3% to end the session at 15077.
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 $1.6794 to the Pound; a fall of 0.18% over the week. The Greenback strengthened against the Euro last week by just 0.01% to close at $1.3640 to the €. The Dollar was stronger against the Japanese currency, closing at 102.5 Yen to the Dollar, making a gain of 0.72% during the week.
The Euro strengthened against the Yen ending at 139.8, a gain of 0.71% over the course of the week. It lost ground against Sterling last week falling by 0.19%; the close saw one £ buying €1.2313.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower at $108.6 per barrel (for July delivery), a loss of 0.73% over the course of the week’s trading. The value of gold was lower last week, closing at $1247.5 per ounce, a fall of 0.24%.