Last week marked the final session from the perspective of these market summaries for the month of November and again, all of the major markets advanced.
In Europe over the course of the week, the FTSE was up on last week’s close by 0.96%, it closed at 6840.8, making 2.2% in November; the Dax ended at 10699, up by 0.32% on last week’s close and by 4.3% over the month; the CAC was up by 1% to end the session at 4550.3, making 4% in November.
The Dow ended the week up by 1.5% to close at 19152, it rose by 7.1% over the month. The Nasdaq composite index was up by 1.5% over the course of the week at 5398.9, it made 7% in November.
The Nikkei 225 ended the week’s trading up by 2.3% to end the session at 18381, ending the month stronger by 8.7%.
Currency markets review
On the currency markets last week Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2458 to the Pound, a loss of 1.1% on the week, but it strengthened by 0.73% over the month. The Greenback strengthened against the Euro last week, just, by 0.02% to close at $1.0596 to the Euro, but it climbed by 4.7% in November. The Dollar was stronger against the Japanese currency, closing at 113.1 Yen to the Dollar, making a gain of 2.4% during the week and 9.8% on the month.
The Euro was stronger against the Yen ending at 119.9, a gain of 2.4% over the course of the week and 4.6% on the month. It lost ground against Sterling last week, falling by 1.1%; the close saw one £ buying €1.1758.
The Euro now buys 1.0739 CHF, a gain of 0.39% on the week, but weakening by 0.29% over the month.
Commodities market review
On the commodities market, the price for Brent crude ended at $47.24 per barrel, a gain of 0.81% over the course of the week’s trading and 3.6% in November. The value of gold fell last week, closing at $1178.9 per ounce, a loss of 2.5% on the week and 9.1% over the month.