25 June 2016 Market Review

Brexit wrecked havoc on the markets last week, to no one’s surprise.  Since it wasn’t expected to actually happen, the markets hadn’t priced the effect of the outcome, so they adjusted accordingly.  Since it is almost the end of June, we will be summarizing the month as well as the 2nd quarter.

The FTSE closed the week at 6138.7 to be down 1.9% on the week, down 1.1% for June and slightly down 0.12% over Q2.  The Dax was down 0.77% for the week by closing at 9557.2, was down 5.4% for June and for the quarter was down 2.4%.  The […] Read more

18 June 2016 Market Review

“Brexit” again was the major catalyst for the financial markets losing ground again this week.

The FTSE closed the week at 6021.9 to be down 1.5%.  The Dax slid this week 2.1% with a close of 9631.4.  The CAC closed the week at 4193.8 to be down 2.6%.

The Dow ended the week at 17675 to be down 1.1%.  The Nasdaq Composite Index closed the week at 4800.3 to be down 1.9%.

The Nikkei 225 closed the week at 15600 to be down a huge 6%.

The Yen had the best trading week among the major currencies owing to the fact that it is […] Read more

11 June 2016 Market Review

“Brexit” has loomed large over the major stock markets of the world, making most of them lose ground for the week.

The FTSE closed at 6115.8 to be down 1.5% for the week.  The Dax was down 2.7% for the week with the close of 9834.6.  The CAC closed the weekly session at 4306.7 to lose 2.6%.

The Dow was up slightly with a close of 17865 to be up 0.33% on the week.  The Nasdaq Composite Index closed the week at 4894.6 to be down 0.97%.

The Nikkei 225 closed the week at 16601 to be down 0.25%.

The Dollar had the best […] Read more

4 June 2016 Market Review

Because of the weak US economic data, most of the major markets lost ground this past week.

The FTSE closed at 6209.6 for the week to be down 0.98%.  The Dax was down 1.8% last week with the close of 10103.  The CAC ended the week at 4421.8 to be down 2.1%.

The Dow closed the week at 17807 for a loss of 0.37%.  The Nasdaq Composite Index ended the week at 4942.8 to be up slightly at 0.18%.

The Nikkei 225 ended the week at 16642 to be down 1.2%.

The Yen had the best trading with week of the major currencies because […] Read more