Last week was another positive affair for the world’s major markets with only the Nasdaq losing ground.
In Europe over the course of the week, the FTSE was up on last week’s close by 1.3% at 7310.6; the Dax ended at 12592, up by 0.59% on last week’s close; the CAC was up by 1.3% to end the session at 5281.3.
The Dow ended the week up 0.37% to close at 22350. The Nasdaq composite index was down by 0.33% over the course of the week at 6426.9.
The Nikkei 225 ended the week’s trading up by 1.8% to end the session at 20269.
Currency markets review
On the currency markets last week, Sterling enjoyed the best of the trading on rumours of a pending UK interest rate rise. The Dollar was weaker against Sterling last week closing at $1.3529 to the Pound, a loss of 4% on the week. The Greenback weakened against the Euro last week by 0.51% to close at $1.1970 to the Euro. The Dollar strengthened against the Japanese currency closing at 112 Yen to the Dollar, making a gain of 2.8% during the week.
The Euro was stronger against the Yen ending at 134.1, a gain of 3.3% over the course of the week. It lost ground against Sterling last week, falling by 3.4%, the close saw one £ buying €1.13026.
The Euro now buys 1.1604 CHF, a gain of 1.7% on the week.
Commodities market review
On the commodities market, the price for Brent crude ended at $56.9 per barrel, a rise of 2.3% over the course of the week’s trading. The value of gold fell last week closing at $1293.3 per ounce, a loss of 2.1% on the week.