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Pcmbrokersweeklynews

Weekly Outlook Ending on 26th September 2014

Summary of the week:

 

It was a bad week for U.S. and European stocks as both ended in red. Starting with the U.S. stocks, Dow Jones fell round 167 points and lost 0.96% for this week. Nasdaq Composite fell 1.48% for this, week registering a loss of 68 points. S&P 500 fell 27 points, and registered a 1.36% fall for this week.

UK’s FTSE 100 closed in red territory with a 2.76% fall, and 189 points down on the weekly basis. German DAX 30 went down 3.15% and lost 308 points for the week. French CAC 40 fell 1.48%, losing 66 points on the weekly basis.

In commodities, Gold gained $3 and climbed 0.28% up for the week while Crude Oil gained $1.70 and registered a 1.85% weekly gain.

It was a mixed week for Currencies. Euro declined 1.01% over the week while Yen fell 0.22%. Pound also fell 0.54% and Ice dollar index made a 0.97% gain against six major rivals this week.

Note: Here all the currencies are measured in percentage against the U.S. dollar.

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Uploaded on September 27, 2014
Taken on September 27, 2014