Week ended 26 September 2009 – Markets, Commodities and currencies
Posted by admin on 27 September, 2009 under Weekly business news summary | 
7 Comments to Read
Gold has reversed it’s climb and closed down below the $1,000 mark this week – on the same week as oil dropped back significantly.
Oil dropped by 8.4% to close at just over $66 per barrel in the same we that has seen all world stock markets close down and Sterling took a bashing!
End of the week saw:
| This week | Last week | Change | |
| Stock exchanges: | |||
| FTSE 100: | 5,082.20 GBX | 5,172.89 GBX | DOWN 1.8% |
| FTSE 250: | 9,060.44 GBP | 9,306.93 GBP | DOWN 2.6% |
| UK All Share: | 24,944.83 ZAX | 25,792.05 ZAX | DOWN 3.3% |
| US DOW: | 9,665.19 USD | 9,820.20 USD | DOWN 1.6% |
| US S&P 500: | 1,044.38 USD | 1,068.30 USD | DOWN 2.2% |
| US NASDAQ: | 2,090.92 USD | 2,132.86 USD | DOWN 2.0% |
| Japan Nikkei: | 10,265.98 JPY | 10,370.54 JPY | DOWN 1.0% |
| China H Seng: | 21,024.40 HKD | 21,623.45 HKD | DOWN 2.8% |
| Australian ASX 200: | 4,713.30 AUD | 4,693.20 AUD | UP 0.4% |
| German DAX: | 5,581.41 EUR | 5,703.83 EUR | DOWN 2.1% |
| French CAC 40: | 3,739.14 EUR | 3,827.84 EUR | DOWN 2.3% |
| Spanish Ibex 35: | 11,643.80 EUR | 11,777.30 EUR | DOWN 1.1% |
| Currencies: | |||
| UK Sterling £ to US Dollar $ | 1.59507 | 1.62174 | DOWN 1.6% |
| UK Sterling £ to Euro € | 1.08541 | 1.10390 | DOWN 1.7% |
| UK Sterling £ to Japanese Yen | 142.903 | 148.347 | DOWN 3.7% |
| UK Sterling £ to Aus $ | 1.84052 | 1.87184 | DOWN 1.7% |
| US Dollar $ to Euro € | 0.680635 | 0.680689 | DOWN 0.0% |
| US Dollar $ to Japanese Yen | 89.5975 | 91.4828 | DOWN 2.1% |
| US Dollar $ to Aus $ | 1.15424 | 1.15415 | DOWN 0.0% |
| Commodities: | |||
| Nymex Crude oil | $66.02 | $72.04 | DOWN 8.4% |
| Gold | $991.60 | $1,010 | DOWN 1.8% |
business intercom said,
Thanks for the post. Got an answer from here.
Cheers,
suha koža said,
Everything going down, hope it’s not going to stay like that for too long…
Athoma said,
What a difference a month makes.
Gold/oil and other commodities continue to make slow new highs each week which benefits commodity exporting countries while commodity importing countries experience increasing difficulties. The weakening US dollar/rising oil price trade was reaffirmed this month when oil broke $80 as the US weakened against almost every other currency save the JPY. The only thing that may help the US is their weakening currencies which may spur exports.
Although the latter is more long term in nature.
At the same time the peak oil theorists are feeling vindicated as China continues to attempt to defer the economic impact of peak oil by locking in long term supply contracts with various countries, including Russia, Venezuela and Nigeria. The long term implications of this are interesting given the US reliance on oil from the latter two sources.
The continued growth of China and the other BRIC countries (Brazil, Russia, India and China) should make for very interesting times in the energy and commodity markets going forward.
Hold on!!
Business Money Today said,
Was wondering where you think gold and oil might go. Several years ago, I thought was high at $350 – boy was I wrong. Will it go back up? Oil as well – it sat for years under $30 a barrel – but i keep reading that big oil is back. What do you think?
Call center work from home said,
Looking forward to the next update. Gold is higher right now. Interested in where you think it’s headed from here!
Small Business Branding said,
Really interesting and informative article. Thanks for sharing.
Online job resume samples said,
i am glad i found a blog that has the list of the foreign exchanges,but this list is way to old…you’ve gotta update it bro
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