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Forex Exchange Market Roundup for Last Week

Last week in forex exchange market news, stock exchanges in Europe closed mixed on Friday, with the London "FTSE 100" index losing 0.14%, falling to 6,081.4 points, which reversed earlier gains. This occurred, according to forex exchange market analysts and dealers, as profit taking in heavyweight miners offset positive early trade in New York. Forex exchange market watchers noted that oil majors were hit the price of crude oil eased off recent record highs, with BP losing previous gains, ending 3.5 pence down at 700.5, while Royal Dutch Shell lost 5 pence.

In New York, Wall Street shares were mixed in volatile forex exchange market action as investors digested the strong gains in recent sessions, due in part to several upbeat earnings reports led by companies such as GM and Apple. In Paris the CAC 40 closed 0.94% higher at 5,206.79 points, while in Frankfurt, the German DAX finished 1.16% up at 6,063.28. Of the CAC-40 stocks, 34 ended higher. The "DJ Euro Stoxx 50" index of leading "eurozone" shares rose 1.10%, to 3,860 points.

As the publication of unemployment data in the U.S. showed higher-than-expected job creation in April, in New York the Nasdaq composite fell 0.53%, to 2,358.41. However, the S&P 500 broad-market index managed to gain a fractional 0.01%, climbing to 1,310.11 points. In currencies on the forex exchange market, the European single currency fell to $1.2328 from "1 euro= $1.2378" late Wednesday in New York.