26 March 2016 Market Review
Last week the Nikkei was the only major market that actually had an up week, while the rest lost ground. Oil went down slightly but still stayed above $40 a barrel.
The FTSE closed at 6106.5 to end the week down 1.3% and 1.5% for the month of March. The Dax closed at 9851.4 for a loss of 1% on the week but was slightly higher for the month at 0.28%. The CAC closed the week at 4329.7 to lose 3%, as well as losing 2.9% for the month.
The Dow closed the week at 17516 to be down 0.49%, but was up a solid 3% for the month. The Nasdaq composite index closed the week at 4773.5 to be down 0.46%, but was up 1.2% for the month.
The Nikkei 225 closed the week at 17003 for gain of 1.6%, and was essentially flat for the month.
The Dollar enjoyed the best trading of the currency markets last week. It gained against the Sterling last week 2.6% and 0.68% for the month, with the close of $1.4130. The Dollar also rose against the Euro with a close of $1.1164 to gain 1.1% for the week but lost 1.4% for the month. The Dollar also gained against the Yen this week with a close of 113.1, gaining 1.5% over the week and 0.73% for the month.
The Euro rose against the Yen 0.33% for the week and 0.61% for the month, by closing at 126.2. The Euro also strengthened against the Sterling with a close of 1.2657, to rise 1.5% for the week and 2% for the month.
The Euro lost slightly against the CHF 0.11% for the week and was flat for the month, with the close of 1.0921.
Brent crude lost 1.8% for the week with a close of $40.44, but gained for the month 4.5%. Gold closed the week at $1221.3 per ounce for a loss of 2.85% on the week and 3.15 for the month.