01 October 2016 Market Review

This was the last week of trading for the month of September as well as the last month of Q3. It was a mixed trading week for the world’s major markets.

The FTSE closed at 6899.3 to be down slightly 0.15% for the week, and was just slightly up 0.07% for the month. The Dax was down 1.1% this week with a close of 10511 and was also down 1.6% over the course of the month. The CAC closed the week at 4482.6 to fall 0.14% as well as 1.3% for the whole month.

The Dow ended the week at 18308 to be up 0.26% for the week but was down 1% for the month. The Nasdaq Composite Index ended the week at 5312 to be up 0.12% and 1.2% for the month, the only one to be up for September.

The Nikkei 225 closed the week at 16450 to be down 1.8% and 2.8% for the month.

The best performing major currency was the Sterling this week. The Dollar lost ground against the Sterling 0.42% for the week with a close of $1.3013, but was up 2% for the month. The Dollar lost ground to the Euro with a close of $1.1240 to be down 0.15% on the week and 0.72% for the month. The Dollar gained against the Yen 0.14% for the week by closing at 101.19, but slid 2.9% for the month.

The Euro gained versus the Yen 0.28% for the week by closing at 113.7, but fell 2.1% for the month. The Euro lost against the Sterling with a close of 1.1577 to be down 0.27% and 2.8% for the month. The Euro gained ground against CHF 0.05% for the week by closing at 1.0894 but was down 0.4% for the month.

Brent Crude rose a huge 9.4% for the week by ending at $50.19 per barrel, and a solid 7.2% for September. Gold lost 1.8% for the week with a close of $1316 per ounce and lost for the month 0.42%.