12 March 2016 Market Review

Markets were mixed this last week for the major markets of the world.  The price of oil consolidated further, which has led some analysts to think that maybe the price has finally bottomed out.

The FTSE closed down for the week at 6139.8 for a loss of 0.96%.  The DAX barely edged up 0.7% for the week to close at 9831.3.  The CAC ended the week at 4492.8 to close up 0.81%.

The Dow closed the week at 17213 to end up 1.2% on the week.  The Nasdaq composite also closed up 0.67% for the week to close at 4748.5.

The Nikkei 225 ended the week at 16939 to be down 0.45%.

The Euro enjoyed the best trading of the week among major currencies.  The Dollar lost ground against the Sterling 1.4% on the week with the close of $1.4426.  The Dollar also fell versus the Euro with a close of $1.1184 to lose 1.5%.  The Dollar also lost against the Yen 0.21% on the week with a close of 113.7.

The Euro rose versus the Yen 1.3% for the week with a close of 127.1.  It also gained against the Sterling by closing at 1.2899 for a slight gain of 0.13%.

The Euro gained 0.44% versus the CHF on the week with a close of 1.0979.

The price of Brent Crude gained a solid 4.4% per barrel over the week with a close of $40.39.  Gold fell slightly over the week 0.84% with a close of $1249.4 per ounce.