By: DailyForex.com
The recent Bull run in the world’s major markets came to an end, for now at least, on Thursday with the release of poorer than expected Chinese economic data and hints that the Federal Reserve may move away from its supportive measures. All of the major markets closed lower.
In Europe over the course of the week, the FTSE was down by 1%, it closed at 6654.3; the Dax ended at 8305.3, falling by 1.1% over the course of the week; the CAC was down by 1.1% to end the session at 3956.8.
The Dow ended the week lower, slipping 0.33% to 15303.1. The Nasdaq composite index ended at 3459.1, falling 1.1% over the course of the week.
The Nikkei 225 ended the week’s trading down by 3.5% to end the session at 14612.5.
On the currency markets last week, the Yen saw the best of trading. The Dollar was stronger against Sterling last week, closing at 1.5126 to the Pound; a gain of 0.78% over the week. The Greenback weakened against the Euro last week slipping by 0.47% to close at 1.2920. The Dollar was weaker against the Japanese currency, closing at 100.94 to the Yen, making a loss of 1.3 % during the week.
The Euro weakened against the Yen ending at 130.42, a loss of 0.87% over the course of the week. The Euro made ground against Sterling last week rising by 1.3%; the close saw one £ buying €1.1707.
On the commodities market, the price for Brent crude ended lower, at $102.6 per barrel (for July delivery); a fall of 1.9% over the course of the week’s trading. The value of gold was higher last week, closing at $1390.3 per ounce, representing a gain of 1.6% over previous week’s value.