Last week saw most of the world’s major stock exchanges again all close lower for the sixth week in a row; the Nikkei bucked the trend. In Europe over the course of the week, the FTSE fell by 1.5%, closing at 5765.8; the Dax shed a further 0.55% to close at 7069.9; the CAC weakened by 2.2% to end the session at 3805.09.
The Dow ended the week down by 1.6% finishing the trading session at 11951.9. The Nasdaq ended the week down by 3.3% to close at 2643.73.
The Nikkei rose over the course of the week, making 0.23% to end the trading session at 9514.44.
On the currency markets last week, the Yen had the best of the trading. The Dollar was stronger against Sterling, gaining 0.12% and closing at 1.63057 to the Pound. The Greenback was flat against the Euro last week, rising by 0.01% to close at 1.4486. The Dollar also lost ground against the Japanese currency, closing at 80.0773 to the Yen, a loss of 0.75% on the week.
The Euro closed down against the Yen ending at 116.00, dipping by 0.76% over the course of the week. The Euro made ground against Sterling over the course of the week by 0.1%; the close saw one £ buying 1.1256.
On the commodities market, the price for Brent crude ended higher, closing at $118.78 per barrel (for July delivery); a hike of 2.5% over the course of the week’s trading. The value of gold fell last week, closing at $1529.3 per ounce and representing a loss of 0.70% over last week’s value.