16 January Market Review
16 January 2016
Continuing the pattern of turmoil over the Chinese markets and losing oil prices, the world’s major markets lost again this week.
The FTSE was down 5.3% on the week to close at 5804.1; the Dax was down 3.1% on the week to close at 9545.3; and the CAC was down 2.9% on the week to close at 4210.2.
The Dow was down 2.2% for the week to close at 15988. The Nasdaq was also down 3.3% for the week to close at 4488.4.
The Nikkei 225 ended the week at 17147 to close down 3.1%.
The Yen again had the best week of trading in the currency markets. The Dollar gained against the Sterling 1.6% for the week to close at $1.4292. It fell against the Euro by 0.73% to close at $1.0967. It was also lower against the Yen with a loss of 0.82% to close at 116.8.
The Euro slightly lost against the Yen to end down 0.09% on the week at 128.1. It did gain however against the Sterling to close at 1.3032 for a gain of 2.3%.
The Euro gained 0.8% on the week to close at 1.0944 against the CHF.
Brent Crude fell another 14% on the week to close at $28.94 a barrel. Gold was also lower this week with a loss of 1.1% to close at $1089.4.