Week ended 6 September 2009 – Markets, Commodities and currencies
Posted by admin on 6 September, 2009 under Weekly business news summary | 
3 Comments to Read
Most notable this week is the plunge in oil prices again with the price per barrel falling by 7.7% on the week to close at below $70 a barrel again.
The other commodity we report on is gold, which has risen sharply again this week closing at just below $1,000 an ounce. However, the world stock markets saw a fall on the week, with the exception of the Chinese Hang Seng which did the opposite as usual and gained by 1.1%.
End of the week saw:
| Last week | This week | Change | |
| Stock exchanges: | |||
| FTSE 100: | 4,908.90 GBX | 4,851.70 GBX | DOWN 1.2% |
| FTSE 250: | 8,817.51 GBP | 8,745.85 GBP | DOWN 0.8% |
| UK All Share: | 25,241.25 ZAX | 24,719.17 ZAX | DOWN 2.1% |
| US DOW: | 9,544.20 USD | 9,441.27 USD | DOWN 1.1% |
| US S&P 500: | 1,028.93 USD | 1,016.40 USD | DOWN 1.2% |
| US NASDAQ: | 2,028.77 USD | 2,018.78 USD | DOWN 0.5% |
| Japan Nikkei: | 10,534.14 JPY | 10,187.11 JPY | DOWN 3.4% |
| China H Seng: | 20,098.62 HKD | 20,318.62 HKD | UP 1.1% |
| Australian ASX 200: | 4,489.60 AUD | 4,435.50 AUD | DOWN 1.2% |
| German DAX: | 5,517.35 EUR | 5,384.43 EUR | DOWN 2.5% |
| French CAC 40: | 3,693.14 EUR | 3,598.76 EUR | DOWN 2.6% |
| Spanish Ibex 35: | 11,442.60 EUR | 11,222.70 EUR | DOWN 2.0% |
| Currencies: | |||
| UK Sterling £ to US Dollar $ | 1.62630 | 1.64147 | UP 0.9% |
| UK Sterling £ to Euro € | 1.13707 | 1.14658 | UP 0.8% |
| UK Sterling £ to Japanese Yen | 152.270 | 152.873 | UP 0.4% |
| UK Sterling £ to Aus $ | 1.93159 | 1.92393 | DOWN 0.4% |
| US Dollar $ to Euro € | 0.699178 | 0.698477 | DOWN 0.1% |
| US Dollar $ to Japanese Yen | 93.6300 | 93.1476 | DOWN 0.5% |
| US Dollar $ to Aus $ | 1.18772 | 1.17173 | DOWN 1.4% |
| Commodities: | |||
| Nymex Crude oil | $72.88 | $67.70 | DOWN 7.7% |
| Gold | $956.70 | $995.80 | UP 3.9% |
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Larry said,
any strategy in this case…most of stock is down today!
. is it the time to buy FTSE 100?
Pedro said,
I love commodities! Before I started to trade gold I had much problems to make profits in currency trade. Then I started to trade gold… and it works for me!
I hold my long positon since ounce was $955 and it looks very nice! 
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