Market Report 5 October 2009

Review of the Week

The momentum of the past couple of weeks took a back seat as the key indices all gave up ground last week. Despite having broken through 5,000 and gone on to push slightly higher, the FTSE100 again showed some of the frailty and uncertainty that still remains as it fell back below 5,000 to close the week out at 4,988.7, down 1.84%. 

The story was much the same over in the US as the DOW also gave up 1.84% to close down at 9,487.67 having opened the week at 9,665.19.   

Within the Far East both the key indices followed suit. The Nikkei225 finished the week down 5.20% at 9,731.87, having opened at 10,265.98.  The Hang Seng lost 3.09% to close down at 20,375.49, having begun the week at 21,024.4. 
 
Oil and Gold however, bucked the trend of the key indices by pushing back up. Oil had begun the week trading at just over 66 a barrel but gained ground to close the week out at around 69.  Gold faired just as well, managing to close back above the 1,000 level at 1,001 having opened the week at 994.

The Week Ahead

This week is extremely quiet in terms of news from FTSE100 companies with only one company due to update the market on Tuesday that being Tesco.



This data is provided by Andy Parsons, Advice Team Manager at The Share Centre. This is not intended to constitute an offer or agreement to buy of sell investmesnt. 










 

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2009-10-08 10:08:16 © Moneyextra.com