16 April 2016 Market Review
Last week was a good week for all the world’s major markets, making some nice gains. The price of Oil continued to strengthen as well.
The FTSE closed at 6343.8 for a tidy gain of 2.3%. The Dax was up a solid 4.5% on the week with a close of 10052. The CAC was also up big with a close of 4495.2, to gain 4.5% on the week.
The Dow closed the week at 17897 to be up 1.8%. The Nasdaq Composite Index was also up 1.8% for the week with a close of 4938.2.
The Nikkei 225 closed at 16848 for the week with a whopping gain of 6.5%.
The Sterling enjoyed the best trading this week from the major currencies. The Dollar lost against the Sterling 0.76% with closing the week at $1.4213. The Dollar however gained against the Euro by closing at $1.1292 for a gain of 0.99% for the week. The Dollar also gained against the Yen to the tune of 0.37% for the week with a close of 108.8.
The Euro lost versus the Yen to the amount of 0.77% for the week, with a close of 122.8. The Euro also lost versus the Sterling with a close of 1.2587, to be down 1.8% on the week.
The Euro gained against the CHF 0.42% for the week with a close of 1.0921.
Brent Crude rose a decent 2.8% for the week with a close of $43.10 per barrel. Gold lost a little bit this week with a close of $1234.2 per ounce, to the amount of 0.43% for the week.