Given the global political machinations seen in July, it is no surprise that the FTSE100 had a volatile month with 10 trading days seeing falls and 11 days of gains. However, the UK’s benchmark index managed to end the month in positive territory gaining 0.81% to finish at 7,372.00. The wider FTSE250, which represents a broader church of constituent UK based companies, fared better, gaining 2.28% to close at 19,781.14 whilst the junior AIM market followed suit finishing at 983.93 for a 1.86% improvement.
The Dow Jones index in the USA continued its bull run, lifting by 2.54% to close the month out at 21,891.12, while the S&P 500 index reached an all-time high in July of 2,477.83. The Nasdaq index, heavily influenced by the big technology stocks, performed even better, gaining 3.38% to finish at 6,348.12.
The mainland European markets trod water with the Eurostoxx 50 moving forward by a modest 0.22% and ending July at 3,449.36. Japan’s Nikkei 225 unfortunately managed to buck its three-month bullish trend, losing 0.54% to close out the month at 19,925.18.
On the foreign exchange markets sterling lost ground against the Euro currency, drifting 1.77% to €1.11, but gaining by 1.54% against the US Dollar to $1.32, so it has now recovered 7.32% in the year to date. The greenback also suffered against the Euro, losing 3.51% in the month to end at $1.18 to show a depreciation of 12.38% in the year to date.
Precious metals saw Gold recovering the lost ground it made in June, to close at $1,269.24 a Troy ounce, up 10.28% in the year to date. Whilst ‘Black Gold’ – Oil – had a strong month’s trading, finishing at $52.65 a barrel, as measured by the Brent Crude benchmark. This was an impressive monthly gain of 9.87%.