By: Dr. Mike Campbell
All of the world’s major stock markets closed higher, compared to how they stood last week. In Europe over the course of the week, the FTSE put on 1.4%, closing at 5501.6; the Dax rose by 1.3%, ending the week at 6214.8; the CAC put on 1.5% to end the session at 3725.8.
The Dow ended the week stronger, just, by 0.14%, finishing the trading session at 10462.8. The Nasdaq ended the week higher by 0.39 %; closing at 2242.5.
The Nikkei also recovered some more ground and closed up by 1.4% over the course of the week ending trading at 9239.2.
On the currency markets last week the Euro had the worst of the trading. The Dollar was weaker against Sterling by 0.33% closing at 1.5454 to the Pound. The Greenback was stronger against the Euro by 0.85%, to close at 1.2725. The Dollar was down against the Japanese currency at 83.9607 to the Yen, a fall of 0.58% on the week.
The Euro lost ground against the Yen closing at 106.84, shedding 1.4%. The Euro weakened against Sterling over the course of the week by 1.2%. The close saw one
£ buying 1.2145€.
On the commodities market, the price for Brent crude was higher, closing at $78.2 per barrel (for October delivery); a rise of 1.9% over the course of the week’s trading. The value of gold slipped to 1249 per ounce, representing a gain of 0.2% over last week’s value.