Last week was a negative affair for the world’s major markets with all major markets slipping over the previous week’s close.
In Europe over the course of the week, the FTSE was down on last week’s close by 1.2% at 7336.8; the Dax ended at 12064, down by 0.26% on last week’s close; the CAC was down by 0.17% to end the session at 5020.9.
The Dow ended the week down by 1.5% to close at 20597. The Nasdaq composite index was down by 1.2% over the course of the week at 5828.7.
The Nikkei 225 ended the week’s trading down by 1.3% to end the session at 19263.
Currency markets review
On the currency markets last week the Yen again enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2489 to the Pound, a fall of 0.97% on the week. The Greenback weakened against the Euro last week by 0.59% to close at $1.080 to the Euro. The Dollar weakened against the Japanese currency closing at 111.1 Yen to the Dollar, making a loss of 1.5% during the week.
The Euro was weaker against the Yen ending at 120, a fall of 1% over the course of the week. It lost ground against Sterling last week, falling by 0.37%; the close saw one £ buying €1.1560.
The Euro now buys 1.0709 CHF, a fall of 0.11% on the week.
Commodities market review
On the commodities market, the price for Brent crude ended at $50.8 per barrel, a fall of 1.9% over the course of the week’s trading. The value of gold rose last week closing at $1248.3 per ounce, a gain of 1.5% on the week