5 March 2016 Market Review
This week again had all of the major markets gaining ground and oil moving up.
The FTSE closed at 6199.4 to gain 1.7% for the week. The Dax was up 3.3% for the week with the close of 9824.2. The CAC closed at 4456.6 to gain 3.3% as well this week.
The Dow closed at 17007 for a nice gain of 2.2% for the week. The Nasdaq composite index closed at 4717 continue the upward trend with a gain of 2.8% on the week.
The Nikkei 225 closed the week at 17015 for a blistering gain of 5.1%.
The Sterling had the best week of trading. The Dollar lost versus the Sterling to the tune of 2.6% with a close of $1.4227. The Dollar also lost against the Euro with the close of $1.1015 to lose 0.77% on the week. The Dollar did however gain slightly for the week against the Yen 0.08% to close at 113.9.
The Euro had a gain of 0.855 for the week against the Yen to close at 125.5. It didn’t fair as well against the Sterling to close at 1.2916 for a loss of 1.8% on the week.
The Euro gained 0.33% on the week versus the CHF with a close of 1.0930.
Brent Crude had huge gains for the week with a 10.3% rise over the last week with a close of $38.7 per barrel. Gold also rose 3% for the week with a close of $1260 per ounce.