6 August 2016 Market Review
The world’s major markets were a mixed bag this last week. Brexit is starting to show some effects for the UK economy.
The FTSE closed at 6793.5 to be up 1% for the week. The Dax was up 0.28% for the week by ending at 10367. The CAC closed the week at 4410.6 to be down 0.66%.
The Dow closed the week at 18544 to be up 0.66%. The Nasdaq Composite Index closed the week at 5221.2, to be up 1.1%.
The Nikkei 225 ended the week at 16254 to be up 1.9%.
The Yen enjoyed the best week of trading among the major currencies yet again. The Dollar gained against the Sterling 1.6% for the week by closing at $1.3067. The Dollar gained ground against the Euro with a close of $1.1079 to be up 0.81%. The Dollar fell against the Yen 0.52% for the week by ending up at 101.8.
The Euro was weaker versus the Yen 1.5% for the week by closing at 112.8. The Euro rose against the Sterling 0.76% by closing at 1.1794. The Euro gained on the CHF 0.31% for the week by ending at 1.0856.
Brent crude rose 4.2% this week to end at $44.27 per barrel. Gold fell by closing at $1334.5 per ounce to be down 1.3%.