Last Friday marked the end of the month’s trading for November. All of the world’s major markets ended the week up.
In Europe over the course of the week, the FTSE was up by 0.82%, it closed at 5866.8 and was essentially flat over the month; the Dax ended at 7405.5, climbing by 1.3% over the course of the week and strengthening by 0.57% in November; the CAC was up by 0.81% to end the session at 3553.7, strengthening by 1.9% over the month.
The Dow ended the week weaker higher to the tune of 0.12% at 13025.6, but it slipped by 0.52% over the month. The Nasdaq composite index ended at 3010.2, putting on 1.5% over the course of the week and gaining 0.94% in November.
The Nikkei 225 ended the week’s trading higher, gaining 0.85% to end the session at 9446, putting on 5.3% over the course of the month.
Currency Markets Review
On the currency markets last week, the Euro saw the best of trading. The Dollar essentially unchanged against Sterling last week and over the course of the month closing at 1.60257 to the Pound. The Greenback fell back against the Euro last week, shedding 0.24% to close at 1.30077, it fell by 1.3% over the course of the month’s trading. The Dollar made ground against the Japanese currency, closing at 82.5362 to the Yen, a gain of 0.16% on the week and consolidating by 2.5% over the month.
The Euro strengthened against the Yen ending at 107.3607, a gain of 0.4% over the course of the week, it rose by 3.8% during November. The Euro was also stronger against Sterling over the course of the week, rising by 0.28%; the close saw one £ buying €1.23201 and it rallied by 1.3% during the month.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower, closing at $111.2 per barrel (for January delivery); a fall of 0.13% over the course of the week’s trading, but it strengthened by 5.3% over the month. The value of gold was lower last week, closing at $1726 per ounce, representing a fall of 0.49% over last week’s value. Gold made 2.4% over the course of November.