28 May 2016 Market Review
May came to a virtual close this last Friday. All the major markets ended in positive territory for the week.
The FTSE closed at 6270.8 to be up 1.9% for the week and 2.4% for the month of May. The Dax was up 3.7% for the week and up a solid 4.2% for the month, by ending the week at 10286. The CAC ended the week at 4514.7 to be up 3.7% for the week and 5% for May.
The Dow closed at 17873 for the week, to be up 2.1% on the week and 0.74% for the month. The Nasdaq composite index closed the week at 4933.5 to be up 3.4% over that time and 4.2% in May.
The Nikkei 225 ended the week at 16835 to be up 0.59%, it was also up 4.5% over the whole month of May.
The Sterling again enjoyed the best week of trading among the major currencies. The Dollar lost ground last week against the Sterling 0.88% with the close of $1.4641, it was flat against it for the whole month. The Dollar gained ground against the Euro with a close of $1.1138 to be up 0.63% on the week and up 2.7% for the month. The Dollar was slightly lower against the Yen 0.62% for the week with a close of 109.9, it did gain for the month 2.8% however.
The Euro lost ground against the Yen 1.2% for the week with a close of 122.4, but was flat for the month. The Euro was also weaker versus the Sterling 1.5% for the week with a close of 1.3145 and was also down for the month 2.8%. The Euro also lost against the CHR 0.63% for the week with a close of 1.1047, but gained slighted 0.6% for the month.
Brent crude rose 1.2% for the week with a closing price of $49.32 per barrel, but lost ground over the course of the month 8.7%. Gold traded lower this week showing a loss of 3.4% for the week and a 6% loss for the month.