26 December Market Review

26 December Market Review

26 December 2015

With the exception of the Nikkei, all of the majors made gains this week.

Europe had gains across the board with the FTSE up 3.3% for the week and up 0.26% on the month to 6254.6; Dax was up 1.1% on the week but slipped 0.23% for the month to close at 10727; and CAC was up 0.82% on the week but fell by 1.1% over the month to close at 4663.2.

The Dow and Nasdaq enjoyed healthy weekly gains with the Dow up 2.5% and Nasdaq up 2.6%. However, their monthly loss ended at 1.7% for the Dow to close at 17552 and down 1.8% for Nasdaq to close at 5048.5.

The Nikkei 225 closed down to 18769 for a loss of 1.2% for the week and down 3.8% for the month.

The Euro enjoyed a good week. The Dollar gained against the Sterling to the tune of 0.49% for the week and 1.8% for the month, to close at $1.4838. It fell against the Euro by 1.1% for the week and 0.77% for the month, to close at $1.0966. The Dollar struggled against the Yen with a loss of 0.81% for the week and -2.3% for the month to close at 120.3.

Euro was stronger against the Yen to have a gain of 0.29% for the week, but failed to gain for the month with a loss of 1.6 to close at 131.9. Against the Sterling it had better luck by rising 1.6% for the week and 2.5% for the month to close at 1.3530.

Against the CHF, the Euro had a mixed bag with gains of 0.48% for the week but a loss of 0.33% for the month to close at 1.0834.

Brent Crude gained 2.7% for the week but fell huge for a loss of 11.9% for the month to close at $37.89. Gold was mixed with a gain of 1.2% on the week and an overall loss of 0.83 for the month to close at $1077.80.