30 January 2016 Market Review

30 January 2016 Market Review

All of the major markets gained last week, but weren’t able to gain enough ground to be positive for the month.

The FTSE closed at 6083.8 to be up 3.1% for the week, but it was down 2.5% over the month. The Dax closed at 9798.1 to be up 0.34% for the week, but it was down 8.8% for January. The CAC closed at 4417 to be up 1.9% for the week, but was down 4.8% for the month.

The Dow closed at 16466 to be up 2.3% for the week, but lost 5.5% for the month. The Nasdaq had a barely positive week at 0.5% to close at 4614, but had huge losses of 7.9% for the month.

The Nikkei 225 closed at 17518 to gain 3.3% for the week, but lost big at 8% for the month.

The big news coming out of the currency markets last week was Japan’s decision to have negative interest rates introduced. The Dollar gained against the Sterling to the tune of 0.9% on the week and 3.8% for the month, with the close of $1.4183. It fell against the Euro by closing at $1.0833 to fall slightly at 0.15%, however it rose for the month by 0.23%. The Dollar did better against the Yen to gain 2.3% for the week and 0.38% for the month, to close at 121.1.

Euro gained versus the Yen for a gain of 2.4% for the week and 0.15% for the month, to close at 131.2. It gained even more against the Sterling to close at 1.3092, for a gain of 2.3% for the week and 0.38% for the month.

The Euro gained 0.9% for the week and 1.9% for the month against the CHF to close at 1.108.

Brent crude had a huge gain for the week at 11.8%, but lost for the month 3.5% for a close of $35.99. Gold gained 1.6% for the week and 5.6% for the month, with the close of $1118.