At the end of last week’s trading, all of the world’s major markets ended lower.
In Europe over the course of the week, the FTSE was down by 1.5%, it closed at 6286.6; the Dax ended at 7760, falling by 3.7% over the course of the week; the CAC was down by 2.1% to end the session at 3652.
The Dow ended the week lower, slipping by 2.1% to 14547.5. The Nasdaq composite index ended at 3206.1, losing 2.7% over the course of the week.
The Nikkei 225 ended the week’s trading down by 1.3% to end the session at 13316.5.
Currency Markets Review
On the currency markets last week, the Dollar saw the best of trading. The Dollar was strongerer against Sterling last week, closing at 1.5249 to the Pound; a gain of 0.74% over the week. The Greenback strengthened against the Euro last week rising 0.22% to close at 1.3065. The Dollar was stronger against the Japanese currency, closing at 99.29 to the Yen, recording a gain of 0.33% on the week.
The Euro strengthened against the Yen ending at 129.7, a gain of 0.11% over the course of the week. The Euro gained ground against Sterling last week making 0.53%; the close saw one £ buying €1.1672.
Commodities Market Review
On the commodities market, the price for Brent crude ended lower, closing below the $100 threshold at $99.7 per barrel (for June delivery); a fall of 3.5% over the course of the week’s trading. The value of gold was sharply lower last week, closing at $1405.5 per ounce, representing a loss of 8.5% over last week’s value.