Last week saw all the world’s major markets making with some gains.
In Europe over the course of the week, the FTSE was up by 1%, it closed at 6444.1; the Dax ended at 10795, up by 6.8% on last week’s close; the CAC was up by 4.7% to end the session at 4923.6.
The Dow ended the week up by 2.5% to close at 17647. The Nasdaq composite index ended up by 3% over the course of the week at 5031.9.
The Nikkei 225 ended the week’s trading up by 2.9% to end the session at 18825.
Currency markets review
On the currency markets last week, the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.5339 to the Pound, a rise of 0.63%. The Greenback rose against the Euro last week by 3% to close at $1.1019 to the €. The Dollar was stronger against the Japanese currency, closing at 121.2 Yen to the Dollar, making a gain of 1.3% during the week.
The Euro was weaker against the Yen ending at 133.5, a loss of 2.3% over the course of the week. It lost ground against Sterling last week, falling by 2.4%; the close saw one £ buying €1.3920.
The Euro now buys 1.0763 CHF, a loss of 0.65% on the week.
Commodites market review
On the commodities market, the price for Brent crude ended at $47.99 per barrel, a fall of 4.9% over the course of the week’s trading. The value of gold was lower last week, closing at $1164.6 per ounce, a fall of 1.3% on the week.