The Last Week’s Trading Activities In Perspective

09 October 2017 9:07:54 AM

By: DailyForex

Last week was another positive affair for the world’s major markets with all making ground. In this summary, we will also look at how the markets and currencies fared over Q3.

In Europe over the course of the week, the FTSE was up on last week’s close by 2% at 7522.9, it rose by 2.3% on the quarter; the Dax ended at 12956, up by 0.99% on last week’s close and by 4.6% in Q3; the CAC was up by 0.56% to end the session at 5359.9, making 4.2% over the quarter.

The Dow ended the week up 1.7% to close at 22774, climbing by 6.4% in Q3. The Nasdaq composite index was up by 1.5% over the course of the week at 6590.2, ending the quarter 7.1% higher.

The Nikkei 225 ended the week’s trading up by 1.7% to end the session at 20691 and making 3.8% over the quarter.

On the currency markets last week, the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.3399 to the Pound, a gain of 0.96% on the week, but it fell by 3.3% over the month. The Greenback strengthened against the Euro last week by 1.3% to close at $1.1814 to the Euro, slipping by 0.55% in September. The Dollar strengthened against the Japanese currency closing at 112.7 Yen to the Dollar, making a gain of 0.58% during the week and recovering by 2.3% on the month.

The Euro was weaker against the Yen ending at 133.1, a loss of 0.73% over the course of the week, but it gained 1.8% in September. It lost ground against Sterling last week, falling by 0.35%, the close saw one £ buying €1.1342, falling by 3.9% in the month.

The Euro now buys 1.1445 CHF, a loss of 1.4% on the week, but gaining 0.12% over the month.

On the commodities market, the price for Brent crude ended at

$56.79 per barrel, a fall of 0.19% over the course of the week’s trading, but a hike of 7.8% over the course of September. The value of gold fell last week closing at $1282.8 per ounce, a loss of 0.81% on the week and 2.9% over the month.

The data that supports this article is drawn from Bloomberg, The Financial Times and X-rates.

 

Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

DailyForex Newsletter
0 User Reviews

Registration is required to ensure the security of our users. Login via Facebook to share your comment with your friends, or register for DailyForex to post comments quickly and safely whenever you have something to say.

Log in | Create a DailyForex.com Account Now