The AIM market put on 3.3% to finish at 729.9. In New York, the Dow Jones avoided major gyrations to reach a new high of 15,409.4 on 28 May. Falling back 208 points on the last day, it still ended May ahead 1.9% at 15,115.6.
The Nasdaq ended 3.8% higher at 3,455.9. European bourses had bouts of nerves that impacted the Eurostoxx50, but it managed to finish the month some 2.1% to the good at 2,769.64.
Nervousness was most acute in Japan, where a 40% rise in the Nikkei during 2013 had left Tokyo vulnerable to profit taking and price correction. A one-day fall of 7% exposed the market’s fragility, but a modest rally on 31 May helped the
battered index end the month at 13,774.5, just 0.6% lower – and still 61% higher than 12 months earlier.
The dollar strengthened on the foreign exchanges, firming 1.5% against the euro, to $1.30, and nearly 2% against sterling, to $1.52. Sterling weakened slightly against the euro, to €1.17. On the oil market, Brent crude spent most of May hovering just above $100 and closed almost 2% down, at $100.39. Gold continued to lose its glitter and, after dipping down near $1,340 mid-month, it ended 5.6% lower, at $1,388.21.
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