Last week was another positive affair for the world’s major markets with all of the majors making gains.
In Europe over the course of the week, the FTSE was up on last week’s close by 1.2% at 6918; the Dax ended at 10887, 1.1% up on last week’s close; the CAC was up by 0.93% to end the session at 4781.3.
The Dow ended the week up by 2.4% to close at 23996. The Nasdaq composite index was up by 3.5% over the course of the week at 6971.5.
The Nikkei 225 ended the week’s trading up by 4.1% to end the session at 20360.
Currency markets review
On the currency markets last week, Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2832 to the Pound, a fall of 0.73% on the week. The Greenback was weaker against the Euro last week, slipping by 0.57% to close at $1.1478 to the Euro.
The Dollar strengthened marginally against the Japanese currency closing at 108.4 Yen to the Dollar, making a gain of 0.06% during the week.
The Euro was stronger against the Yen ending at 124.4, a gain of 0.63% over the course of the week. It was weaker against Sterling last week, the close saw one £ buying €1.1180, a loss of 0.16% on the week.
The Euro now buys 1.1282 CHF, a gain of 0.27% on the week.
Commodities market review
On the commodities market, the price for Brent crude ended at $60.48 per barrel, a rise of 6% over the course of the week’s trading. The value of gold was higher last week closing at $1288.1 per ounce, a rise of 0.43% on the week.