20 February Market Review
All of the major markets started to gain some ground again as the price of oil continued to fall but stay above the $30 mark.
The FTSE closed the week at 5950.2 to close up big at 4.3%. The Dax was up big as well at 4.7% on the week to close at 9388.1. The CAC was up the most in Europe with a 5.7% gain to close at 4223.
The Dow closed the week at 16392 to be up 2.6%. The Nasdaq Composite Index closed at 4504.4 to be up 3.9% on the week.
The Nikkei 225 was up a whopping 6.8% on the week to close at 15967.
The Yen was again the winner this week among the currencies. The Dollar gained versus the Sterling 0.79% with a close of $1.4342. It also gained against the Euro on the week with a close of $1.1128 for a gain of 0.94%. The Dollar however lost against the Yen 0.46% on the week with a close of 112.46.
The Euro lost against the Yen 1.8% on the week with a close of 125.15. It lost slightly as well versus the Sterling 0.15% with a close of 1.2888.
Euro gained 0.31% for the week against the CHF with a close of 1.1009.
Brent crude fell again this week for a total of 1.05% to close at $33.01 per barrel. Gold traded slightly lower for the week at $1230.4 an ounce to drop 0.7%.