Last week saw all the world’s major stock markets losing ground quite heavily.
In Europe over the course of the week, the FTSE was down by 1.8%, it closed at 6527.9; the Dax ended at 9195.7, down by 3.1% on last week’s close; the CAC was down by 2.6% to end the session at 4281.7.
The Dow ended the week down by 0.6% to close at 17007. The Nasdaq composite index ended down by 0.81% over the course of the week at 4475.6.
The Nikkei 225 ended the week’s trading down by 3.2% to end the session at 15709.
Currency Markets Review
On the currency markets last week, the Dollar saw the best of the trading as its Bull Run continues. The Dollar was stronger against Sterling last week closing at $1.5961 to the Pound; a gain of 1.8% over the week. The Greenback strengthened against the Euro last week by 1.4% to close at $1.2515 to the €. The Dollar was stronger against the Japanese currency, closing at 109.7 Yen to the Dollar, making a gain of 0.37% during the week.
The Euro weakened against the Yen ending at 137.3, a loss of 0.98% over the course of the week. It made ground against Sterling last week climbing by 0.48%; the close saw one £ buying €1.2754.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower at $92.3 per barrel (for November delivery), a fall of 4.8% over the course of the week’s trading. The value of gold was lower last week, closing at $1195 per ounce, a loss of 1.5%.