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.