23 January Market Review

23 January Market Review

23 January 2016

With the Chinese GDP showing better numbers than previously thought and the rise in oil prices, the major markets of the world finally enjoyed some gains.

The FTSE closed at 5900 for a gain of 1.7%, the Dax closed at 9764.9 for a gain of 2.3%, and the CAC closed at 4336.7 to gain 3% on the week.

The Dow closed at 16094 to gain 0.66%. The Nasdaq closed at 4591.2 to gain 2.3 for the week.

The Nikkei 225 was down for the week to close at 16959 and down 1.1%.

The Sterling had the best run of the currency market this week. The Dollar lost against the Sterling 0.13% to close at $1.4311. It did rise against the Euro by 1.4% to close at $1.0817. And the Dollar also rose against the Yen with a gain of 1.4% to close at 118.4.

The Euro was slightly lower against the Yen with a loss of 0.01% to close the week at 128.1. I also lost against the Sterling at a clip of 1.5% to close at 1.3231.

The Euro gained 0.3% on the CHF to close at 1.0978.

Brent Crude rose a whopping 11% this week to close at $32.18 a barrel. Gold also traded higher at $1100.5 per ounce for a gain of 1% on the week.