By: DailyForex
In Europe over the course of the week, the FTSE was up on last week’s close by 1.8% at 7183.6, slipping by 8.6% in Q1; the Dax ended at 12241, 1.3% up on last week’s close but falling by 9.3% on the quarter; the CAC was up by 1.8% to end the session at 5258.2, falling by 5.6% in Q1.
The Dow ended the week down by 0.71% to close at 23933, falling by 4.7% over the quarter. The Nasdaq composite index was down by 2.1% over the course of the week at 6915.1, slipping by 1% in Q1.
The Nikkei 225 ended the week’s trading up by 0.53% to end the session at 21568, but it fell by 9.5% over Q1.
On the currency markets last week, Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.4092 to the Pound, a loss of 0.48% on the week and a fall of 3.4% in Q1. The Greenback strengthened against the Euro last week by 0.33% to close at $1.2276 to the Euro, but ending the quarter down by 2.3%. The Dollar strengthened against the Japanese currency closing at 107.1 Yen to the Dollar, making a gain of 0.8% during the week but a loss of 7% over the first quarter.
The Euro was stronger against the Yen ending at 131.4, a gain of 0.47% over the course of the week but it weakened by 4% over the quarter. It lost ground against Sterling last week falling by 0.81%, the close saw one £ buying €1.1479, Sterling gained 1.1% in Q1.
The Euro now buys 1.1788 CHF, a rise of 0.35% on the week and 0.07% over the quarter.
On the commodities market, the price for Brent crude ended at
$67.11 per barrel, a fall of 3.2% over the course of the week’s trading, but a gain of 2.5% over Q1. The value of gold rose last week closing at $1332.2 per ounce, a gain of 0.54% on the week and a gain of 0.42% over the quarter.