Last week was a positive affair for the world’s major stock markets with all the major markets closing higher.
In Europe over the course of the week, the FTSE was up on last week’s close by 1.7% at 7228.3; the Dax ended at 11686, 2% up on last week’s close; the CAC was up by 3.3% to end the session at 5405.3.
The Dow ended the week up by 1.6% to close at 25849. The Nasdaq composite index was up by 3.8% over the course of the week at 7688.5.
The Nikkei 225 ended the week’s trading up by 2% to end the session at 21451.
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 $1.3279 to the Pound, a loss of 2% on the week. The Greenback was weaker against the Euro last week, falling by 0.76% to close at $1.1328 to the Euro.
The Dollar strengthened against the Japanese currency closing at 111.5 Yen to the Dollar, making a gain of 0.37% during the week.
The Euro was stronger against the Yen ending at 126.4, a gain of 1.2% over the course of the week. It was weaker against Sterling last week, the close saw one £ buying €1.1722, a loss of 1.2% on the week.
The Euro now buys 1.1356 CHF, a gain of 0.26% on the week.
Commodities Market Review
On the commodities market, the price for Brent crude ended at $67.16 per barrel, a rise of 2.2% over the course of the week’s trading. The value of gold was higher last week closing at $1300.9 per ounce, a rise of 0.29% on the week.