By: DailyForex.com
The major stock markets ended the week mixed with Europe and Asia making ground and US markets falling.
In Europe over the course of the week, the FTSE was up by 1.1%, it closed at 5868.6; the Dax ended at 7363.9, climbing by 1.8% over the course of the week; the CAC was up by 1.7% to end the session at 3492.5.
The Dow ended the week weaker lower to the tune of 0.11 % at 13093.2. The Nasdaq composite index ended at 2982.1, shedding 0.19% over the course of the week.
The Nikkei 225 ended the week’s trading higher, rising by 1.3% to end the session at 9051.2.
Currency Markets Review
On the currency markets last week, the Dollar saw the best of trading for once. The Dollar strengthened against Sterling, making 0.37% and closing at 1.60355 to the Pound. The Greenback was stronger against the Euro last week, making 0.69% to close at 1.2847. The Dollar made ground against the Japanese currency, closing at 80.5276 to the Yen, a gain of 1.1% on the week.
The Euro strengthened against the Yen ending at 103.4538, a gain of 0.41% over the course of the week. The Euro was also weaker against Sterling over the course of the week, falling by 0.32%; the close saw one £ buying 1.24819.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower, closing at $105.7 per barrel (for December delivery); a fall of 3.5% over the course of the week’s trading. The value of gold was lower last week, closing at $1685 per ounce, representing a loss of 1.8% over last week’s value.
The data that supports this article is drawn from Bloomberg, The Financial Times and X-rates.