Last week was a negative affair for the world’s major markets. In this summary, we will also review the figures for Q3.
In Europe over the course of the week, the FTSE was down on last week’s close by 2.6% at 7318.5, shedding 1.4% in Q3; the Dax ended at 12112, 1.1% down on last week’s close, and by 2% on the quarter; the CAC was down by 2.4% to end the session at 5359.4, but it made 2.2% over Q3.
The Dow ended the week down by 0.04% to close at 26447, but it gained 8.2% over Q3. The Nasdaq composite index was down by 3.2% over the course of the week at 7788.5, but it made 4.7% over the quarter.
The Nikkei 225 ended the week’s trading down by 1.4% to end the session at 23784, gaining 11% over Q3.
Currency markets review
On the currency markets last week, the Pound enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3104 to the Pound, a fall of 0.37% on the week, but a gain of 1.6% over the quarter. The Greenback was stronger against the Euro last week gaining 1.1% to close at $1.1503 to the Euro, and by 1% in Q3.
The Dollar strengthened against the Japanese currency closing at 113.6 Yen to the Dollar, making a gain of 0.12% during the week and 2.7% over the quarter.
The Euro was weaker against the Yen ending at 130.7, a loss of 0.91% over the course of the week, but gained 1.7% over the course of Q3. It was weaker against Sterling last week, the close saw one £ buying €1.1320, a loss of 0.9% on the week, but it made 0.6% over the quarter.
The Euro now buys 1.1503 CHF, up by 0.66% on the week, but it fell by 2.4% over Q3.
Commodities market review
On the commodities market, the price for Brent crude ended at $84.16 per barrel, a rise of 1.7% over the course of the week’s trading and 7.3% in Q3. The value of gold was higher last week closing at $1202.5 per ounce, a rise of 0.92% on the week, but it lost 5% over the quarter.