08 October 2016 Market Review

It was a mixed trading week for the world’s major markets again.

The FTSE closed at 7044.4 to be up 2.1% for the week, and was up 4.9% for the Q3. The Dax was down 0.19% this week with a close of 10491 but was up big at 7.5% for Q3. The CAC closed the week at 4449.9 to slide 0.73% but was up a solid 4.9% for Q3.

The Dow closed the week at 18240 to be down 0.37%, but was up 2% for Q3. The Nasdaq composite index closed the week at 5292.4 to be down 0.37% but had a huge Q3 to be up 9.2%.

The Nikkei 225 closed the week at 16860 to be up 2.5% and 4.9% for Q3.

The Dollar had the best week of trading for the major currencies. The Dollar rose against the Sterling 4.5% for the week and 2% for Q3. The Dollar also gained against the Euro with a close of $1.1159 to be up 0.72% but was down 0.91% for Q3. The Dollar gained against the Yen 2.2% for the week with a close of 103.4, but lost ground of 1.4% for the Q3.

The Euro gained against the Yen 1.5% for the week by ending at 115.4, but lost 0.46% for Q3. The Euro did gain against the Sterling by closing at 1.1134 to be up a solid 3.8% for the week but fell 2.9% for Q3. The Euro gained against the CHF 0.04% for the week by closing at 1.094 and was up 0.5% for Q3.

Brent Crude had a decent gain of 3.5% for the week by closing at $51.93 per barrel, but slid slightly 0.32% for Q3. Gold lost 5.1% for the week and 2.1% for Q3 with a close of $1248.9 per ounce.