By: Dr. Mike Campbell
All the world’s major stock markets closed higher, compared to how they stood last week. In Europe over the course of last week, the FTSE gained 6.1%, closing at 5132.9; the Dax rose by 4% ending the week at 6065.2; the CAC strengthened by 6.2% to end the session at 3554.6.
The Dow ended the week up by 5.3%, finishing the trading session at 10198. The Nasdaq ended the week higher by 5 %; closing at 2196.5.
The Nikkei closed up by 4.2% over the course of the week, ending trading at 9585.3.
On the currency markets last week, the Yen was the loser. The Dollar was lower against Sterling by 0.59% closing at 1.5116 to the Pound. The Greenback was weaker against the Euro dipping by 0.71%, to close at 1.2637. The Dollar was higher against the Japanese currency at 88.5099 to the Yen, a rise of 1.1% on the week.
The Euro strengthened against the Yen closing at 111.85, gaining 1.8%. The Euro recovered further against Sterling over the week by 1.3%. The close saw one £ buying 1.19617€.
On the commodities market, the price for Brent crude rose strongly, closing at $75.4 per barrel (for August delivery); a hike of 5.3% over the course of the week’s trading. The value of gold weakened marginally to 1198.5 per ounce, representing a fall of 0.1% over last week’s value.
FOREX July 12th: The Last Week’s Trading Activities In Perspective
Dr. Mike Campbell