Market Report 12 October 2009

Review of the Week

With all the main indices having had some respite and falling back the previous week, last week saw a return to the recent norm as all four of the key indices surged forward.  

For the FTSE100, having fallen back below the 5,000 barrier the previous week and closing down at 4,988.7, saw a significant gain as the index closed up 3.47% to finish the week at 5,161.87. The story was much the same over in the US as the DOW pushed back closer to the key 10,000 barrier to finish the week at 9,864.94, a gain of 3.98% having opened at 9,487.67.   

In the Far East both the key indices also followed suit. The Nikkei225 which had begun the week at 9,731.87, closed up at 10,016.39, a rise of 2.92%. The Hang Seng finished at 21,499.44 a rise of 5.52%, having opened at 20,375.49. 
 
Oil and Gold also followed the trend upwards. Oil had begun the week trading at just over 69 a barrel but gained ground to close the week out at just over 71.  Gold faired just as well, climbing even higher than its recent level of around 1,000 to finish the week at 1,055 having opened the week at 1,001.

The Week Ahead
 

This week is again extremely quiet in terms of news from FTSE100 companies with only Whitbread due to update the market on Tuesday.
 

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2009-10-13 13:51:35 © Moneyextra.com