27 August 2016 Market Review
This was the last week of trading for August for our weekly market review.
The FTSE closed the week at 6838.1 to be down 0.3% for the week, but ended up 0.66% for the month. The Dax was up 0.42% for the week and 2.1% for the month with a close of 10588. The CAC closed the week at 4441.9 to be up 0.94% for the week and 0.71% for August.
The Dow ended the week at 18395 to be down 0.85% on the week and down 0.8% for the month. The Nasdaq composite index closed the week at 5232.9 to be down 0.37% but was flat for the month of August.
The Nikkei 225 closed the week at 16361 to be down 1.1% for the week but still was up for the month 0.66%.
The Sterling enjoyed the best week of trading among the major currencies. The Dollar lost ground against the Sterling to the tune of 0.84% on the week and 0.74% for the month by closing at $1.3169. The Dollar gained ground against the Euro with a close of $1.1236 to the amount of $0.8% for the week but lost overall for the month 1.4%. The Dollar was up against the Yen 1% for the week but fell 0.59% for the month by closing at 101.2.
The Euro rose versus the Yen 0.15% for the week and 0.81% for August with a close of 113.7. The Euro was weaker against the Sterling with a close of 1.1720 to fall 1.7% for the week, but was higher for the month of August 0.62%. The Euro gained against CHF with a close of 1.0920 to be up 0.48% for the week and 0.59% for the month.
Brent Crude rose 2.8% for the week and 13% for August with a close of $49.92 per barrel. Gold lost 1.4% for the week and 1% for the month with a close of $1321.2 per ounce.