Independent Financial Life Planners Bishop's Stortford: MARKETS: (DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

Tuesday, 6 September 2016

MARKETS: (DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

Equity markets worldwide recovered some of their momentum following the Brexit vote, reinforcing July’s improvement with the FTSE100 ending August at 6,718.51 to record a 0.85% gain, although it had touched an intra-month high of 6,941, which was just 2.29% short of its all-time high of 7,103 seen in April 2015. The wider and sometimes more closely followed FTSE250 saw a more impressive rise of 2.6%, to close at 17,732.77 and the junior AIM market finished at 791.32, for an impressive 4.69% jump.

Across the pond the Dow Jones trod water somewhat, spoiling the party by losing a nominal 0.17% to close the month at 18,400.88. Meanwhile, the technology-based Nasdaq managed just short of a 1% rise to 5,213.22.

On the continent the Eurostoxx50 also improved by 1.08% to see the month out at 3,023.13. Likewise in Japan, who are still struggling with deflation, the Nikkei225 also improved by 1.92% closing August at 16,887.40.

The foreign exchanges saw a quiet month following the Brexit sell-off of Sterling in June, however, the pound managed to stand its ground against both the US Dollar and the Euro. It closed out the month unchanged at $1.32 and €1.18 respectively. The ‘Greenback’ also remained stable against the Euro, finishing at $1.11.

The price of Brent Crude rose an impressive 10.92% to $47.04 a barrel, still 10.2% up on the year-to-date.

Gold lost a little of its recent sparkle, dipping 2.98% to $1,308.84, but it still recorded a very healthy year-to-date gain of 22.06%.

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.