Week ended 15 March 2009

Posted by admin on 17 March, 2009 under Weekly business news summary | 3 Comments to Read

Sterling has taken a bit of a hit this week falling by over 3% against the Euro to under €1.08 to the Pound and to less than US $1.40! However, the stock markets were on on the week with the FTSE 100 closing 6.3% ahead at the end of the week. The Dow Jones was up by over 9% in the week showing some renewed confidence in the economy – Perhaps?

End of the week saw:
Stock exchanges:
FTSE 100: 3,754
DOW: 7,224
S&P: 756.55
Nikkei: 7,569

Currencies
UK Sterling £ to US Dollar $ 1.39570
UK Sterling £ to Euro € 1.07956
UK Sterling £ to Japanese Yen 136.737
UK Sterling £ to Aus $ 2.12377
US Dollar $ to Euro € 0.773485
US Dollar $ to Japanese Yen 97.9700
US Dollar $ to Aus $ 1.52165

Commodities
Nymex Crude oil – $45.80
Gold – $928.10