29 October 2016 Market Review

It was a mixed week for the world’s major markets. It also marked the last week of trading for the month of October.

The FTSE traded down by closing at 6996.3 to lose 0.34% for the week and 0.68% for the month. The Dax slipped 0.14% last week with a close of 10696, but traded 2% higher for the month of October. The CAC ended the week at 4548.6, to be up 0.28% for the week and 2.2% for the month.

The Dow closed the week up slightly with a close of 18161 to be up 0.09%, but was down 0.43% for the month. The Nasdaq Composite index closed the week at 5190.1 to be down 1.3% on the week and 1.9% for the month.

The Nikkei 225 ended the week at 17446 to be up 1.5% over this week and a solid 3.5% for October.

The Euro enjoyed the best trading of the major currencies this week. The Dollar gained against the Sterling 0.47% this week with a close of $1.2153, and was also up 2.2% for October. The Dollar fell against the Euro with a close of $1.0932 to be down 0.58% on the week, but was up 2% for the month overall. The Dollar gained against the Yen 1.4% for the week with a close of 105.4, it was also up 1.9% for the month.

The Euro gained against the Yen 2% for the week with a close of 115.2, but fell slightly 0.16% for the month. The Euro did also gain against the Sterling with a close of 1.1117 to be up 1.1% on the week and slightly 0.15% for October. The Euro gained against the CHF 0.43% for the week with a close of 1.0859, but was down 0.75% for October.

Brent Crude lost 2.5% for the week and 4.3% for the month with a close of $49.71 per barrel. Gold gained 0.82% this week and 2.2% this month with a closing price of $1276 per ounce.