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Your Weekly Trading Review by UFX.com – Sunday, September 17, 2017
Here are some of the major financial events of the past week and how they affected the global financial markets:
EUR/USD rose by 0.22%, closing at $1.1945. The GBP/USD increased by 1.46%, closing at a £1.3595 exchange rate.
The Dow ended the week up by 0.29%, closing at 22,268.34. The S&P 500 rose by 0.18%, closing at 2,500.23. And lastly, the NASDAQ increased by 0.30%, ending the week at 6,448.47.
London Tube Attack
London is on its highest alert following Friday’s deadly attack. 30 people were injured after the explosion on a train at Parsons Green. An 18-year-old was arrested at the port of Dover on Saturday morning in connection with the incident, as police are still investigating.
Top Car Makers Team Up to Release Self-Driving Cars
Renault, Nissan, and Mitsubishi recently announced plans to collaborate on manufacturing electric and self-driving cars. The partners hope to lead the industry in driverless taxis, according to Friday’s release. The automakers plan to release their first fully autonomous car within 5 years, with the goal of driving distances of over 600 kilometers, a 30% decrease in battery costs, and achieving 143 miles of range from a 15-minute charge, all by 2022.
That’s our summary of the financial headlines from the past week. Good luck with this week’s trading and stay tuned for our next review.