Last week was negative affair for the world’s major markets. The “correction” has resumed and all the major markets fell on the back of it. The Friday session marked the end of the month from the perspective of these reviews.
In Europe over the course of the week, the FTSE was down on last week’s close by 1.6% at 6939.6, slipping 5.2% in October; the Dax ended at 11201, 3.1% down on last week’s close and by 7.5% on the month; the CAC was down by 2.3% to end the session at 4967.4, ending October down by 7.5%.
The Dow ended the week down by 3% to close at 24688, slipping by 6.7% over the month. The Nasdaq composite index was down by 3.8% over the course of the week at 7167.2, falling by 8% in October.
The Nikkei 225 ended the week’s trading down by 6% to end the session at 21185, a loss of 11% on the month.
Currency markets review
On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2824 to the Pound, a rise of 1.7% on the week and 2.1% in October. The Greenback was stronger against the Euro last week rising by 1.1% to close at $1.1388 to the Euro, a gain of 1% over the month.
The Dollar weakened against the Japanese currency closing at 111.6 Yen to the Dollar, making a loss of 0.76% during the week and 1.7% in October.
The Euro was weaker against the Yen ending at 127.1, a loss of 1.9% over the course of the week and 2.8% in October. It was stronger against Sterling last week, the close saw one £ buying €1.1260, a gain of 0.65% on the week and 1.2% over the month.
The Euro now buys 1.1366 CHF, down by 0.94% on the week and 0.45% on the month.
Commodities market review
On the commodities market, the price for Brent crude ended at $77.62 per barrel, a fall of 2.7% over the course of the week’s trading and 7.8% in October. The value of gold was higher last week closing at $1234.4 per ounce, a rise of 0.64% on the week and by 2.7% over the month.