19 March Market Review

This last week’s major markets had mixed results.  Oil continued to consolidate adding to the speculation that it may have hit the bottom finally.

The FTSE closed at 6189.6 for a gain of 0.81%.  The Dax was up 1.2% for the week with a close of 9950.8.  The CAC ended the week at 4462.5 with a loss of 0.67%.

The Dow closed the week at 17602 with a gain of 2.3%.  The Nasdaq Composite index closed the week at 4795.7 for a gain of 0.99%.

The Nikkei 225 ended the week at 16743 for a gain of 1.2%.

The Yen had the best trading week again out of the major currencies.  The Dollar lost ground against the Sterling 0.58% for the week with a close of $1.4510.  The Dollar also lost against the Euro with a close of $1.1291 to lose 0.96%.  The Dollar also lost against the Yen with a close of 111.4, selling off 2% for the week.

The Euro lost against the Yen 1% for the week with a close of 125.8.  It did gain against the Pound 0.38% for the week with a close of 1.2851.

The Euro lost 0.41% for the week against the CHF with a close of 1.0934.

Brent crude gained again this week to the tune of 2% by closing at $41.2 per barrel.  Gold gained a little this week by closing at $1257.1 per ounce, with a gain of 0.62%.