Last week saw all of the major markets close lower.

In Europe over the course of the week, the FTSE was down by 2.9%, it closed at 6579.8; the Dax ended at 11347, down by 2.8% on last week's close; the CAC was down by 0.96% to end the session at 5075.4.

The Dow ended the week down by 2.9% to close at 17569. The Nasdaq composite index ended down by 2.3% over the course of the week at 5088.6.

The Nikkei 225 ended the week's trading down by 0.52% to end the session at 20545.

Currency markets review

On the currency markets last week, the Euro enjoyed the best of the trading as fears abate somewhat about a Grexit. The Dollar was stronger against Sterling last week closing at $1.5506 to the Pound, a rise of 0.75%. The Greenback fell against the Euro last week by 1.2% to close at $1.1098 to the €. The Dollar was weaker stronger against the Japanese currency, closing at 123.7 Yen to the Dollar, making a loss of 0.22% during the week.

The Euro was stronger against the Yen ending at 135.9, a gain of 1.1% over the course of the week. It made ground against Sterling last week, rising by 1.9%; the close saw one £ buying €1.4129.

The Euro now buys 1.0563 CHF, a gain of 1.3% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $54.56 per barrel, a loss of 4.5% over the course of the week's trading. The value of gold was lower last week, closing at $1097.5 per ounce, a fall of 3.2% on the week.