Last week marked the final trading session for June and Q2 – of which, more next week. It was a negative affair for the world’s major markets.
In Europe over the course of the week, the FTSE was down on last week’s close by 1.5% at 7312.7. it fell by 3.1% in June; the DAX ended at 12325, down by 3.2% on last week’s close and shedding 3.9% on the month; the CAC was down by 2.8% to end the session at 5120.7, it fell by 4.2% over the course of the month.
The Dow ended the week down by 0.21% to close at 21350; it made 0.68% in June, however. The Nasdaq Composite Index was down by 2% over the course of the week at 6140.4, slipping 2.6% over the month.
The Nikkei 225 ended the week’s trading down by 0. 5% to end the session at 20033 and it slipped by 4.2% in June.
Currency markets review
On the currency markets last week Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3027 to the Pound, a fall of 2.4% on the week and by 1.1% in June. The Greenback weakened against the Euro last week by 2.1% to close at $1.1428 to the Euro; it fell by 1.4% over the month. The Dollar strengthened against the Japanese currency closing at 112.4 Yen to the Dollar, making a gain of 1% during the week and 1.7% in June
The Euro was stronger against the Yen ending at 128.5, a rise of 3.1% over the course of the week and 3.2% in June. It lost ground against Sterling last week, falling by 0.28%; the close saw one £ buying €1.1398; it gained 0.3% in June.
The Euro now buys 1.096 CHF, a fall of 1% on the week and 0.84% on the month.
Commodities market review
On the commodities market, the price for Brent crude ended at $48.77 per barrel, a rise of 7.1% over the course of the week’s trading, but it slipped 2.4% in June. The value of gold fell last week closing at $1239.9 per ounce, a loss of 1.3% on the week and 3.2% on the month.
