Last week saw most of the major markets losing ground again, partially on worries over the fallout from a potential “Brexit”.
In Europe over the course of the week, the FTSE was down by 1.5%, it closed at 6115.8; the Dax ended at 9834.6, down by 2.7% on last week’s close; the CAC was down by 2.6% to end the session at 4306.7.
The Dow ended the week up by 0.33% to close at 17865. The Nasdaq composite index ended down by 0.97% over the course of the week at 4894.6.
The Nikkei 225 ended the week’s trading down by 0.25% to end the session at 16601.
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 $1.4345 to the Pound, a gain of 1.2% on the week. The Greenback strengthened against the Euro last week by 0.42% to close at $1.1280 to the €. The Dollar was stronger against the Japanese currency, closing at 107.1 Yen to the Dollar, making a gain of 0.14% during the week.
The Euro was weaker against the Yen ending at 120.8, a loss of 0.28% over the course of the week. It made ground against Sterling last week, rising by 0.8%; the close saw one £ buying €1.2717.
The Euro now buys 1.1087 CHF, a gain of 0.06% on the week.
Commodities market review
On the commodities market, the price for Brent crude ended at $50.54 per barrel, a rise of 1.8% over the course of the week’s trading. The value of gold was higher last week, closing at $1275.9 per ounce, a gain of 2.5% on the week.