21 May 2016 Market Review
It was a mixed affair in the markets last week. The FTSE closed the week at 6156.3 to be up 0.29%. The Dax was down 0.37% for the week with a close of 9916. The CAC ended the week at 4353.9 to be up 0.78%.
The Dow closed the week at 17501 to be down slightly at 0.19%. The Nasdaq composite index ended the week at 4769.6 to be up 1.1%.
The Nikkei 225 closed the week out at 16736 to be up 2%.
The Sterling enjoyed the best week of trading among the major currencies. The Dollar lost ground against the Sterling last week 0.99%, with a close of $1.4512. The Dollar however gained ground against the Euro with a close of $1.1209, to end up 0.76% for the week. The Dollar was also higher versus the Yen with a gain of 1.3% by closing the week at 110.6.
The Euro strengthened against the Yen with a gain of 0.49% for the week, by ending at 123.9. The Euro weakened however against the Sterling with a close of 1.2948, to be down 1.8%.
The Euro gained 0.89% for the week, with a close of 1.1117.
Brent crude rose a solid 1.9% for the week, with a close of $48.72 per barrel. Gold lost ground for the week 1.4%, by closing at $1255.4 per ounce.