By: DailyForex.com
Last week was a negative affair for the world’s major markets with all indexes making losses.
In Europe over the course of the week, the FTSE was down on last week’s close by 2.9% at 7310; the Dax ended at 12014, down by 2.2% on last week’s close; the CAC was down by 2.9% to end the session at 5060.9.
The Dow ended the week down by 1.1% to close at 21858. The Nasdaq composite index was down by 1.5% over the course of the week at 6256.6.
The Nikkei 225 ended the week’s trading down by 1.6% to end the session at 19730.
Currency markets review
On the currency markets last week the Yen again enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2987 to the Pound, a rise of 0.36% on the week. The Greenback weakened against the Euro last week by 0.47% to close at $1.1808 to the Euro. The Dollar weakened against the Japanese currency closing at 109.1 Yen to the Dollar, making a loss of 1.5% during the week.
The Euro was weaker against the Yen ending at 128.8, a loss of 1.1% over the course of the week. It made ground against Sterling last week, rising by 0.83%, the close saw one £ buying €1.0998.
The Euro now buys 1.1361 CHF, a loss of 0.54% on the week.
Commodities market review
On the commodities market, the price for Brent crude ended at $52.1 per barrel, a fall of 0.61% over the course of the week’s trading. The value of gold rose last week closing at $1286 per ounce, a gain of 1.3% on the week.
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