Last week was a negative affair for the world’s major markets with all slipping over the previous week’s close.
In Europe over the course of the week, the FTSE was down on last week’s close by 0.30% at 7327.6; the Dax ended at 12109, down by 0.95% on last week’s close; the CAC was down by 1.25% to end the session at 5071.1.
The Dow ended the week down by 0.98% to close at 20453. The Nasdaq composite index was down by 1.2% over the course of the week at 5805.2.
The Nikkei 225 ended the week’s trading down by 1.8% to end the session at 18336.
On the currency markets last week the Yen again enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2545 to the Pound, a fall of 1.2% on the week. The Greenback strengthened against the Euro last week (just) by 0.02% to close at $1.0614 to the Euro. The Dollar weakened against the Japanese currency closing at 108.7 Yen to the Dollar, making a loss of 1.9% during the week.
The Euro was weaker against the Yen ending at 115.4, a fall of 1.9% over the course of the week. It lost ground against Sterling last week, falling by 1.1%; the close saw one £ buying €1.1804.
The Euro now buys 1.0648 CHF, a fall of 0.37% on the week.
On the commodities market, the price for Brent crude ended at
$55.89 per barrel, a rise of 1.2% over the course of the week’s trading. The value of gold rose last week closing at $1285.9 per ounce, a rise of 2.5% on the week.
The data that supports this article is drawn from Bloomberg, The Financial Times and X-rates.