The EUR/USD pair fell by 0.25%, closing at 1.1749. The GBP/USD pair decreased by 0.83%, closing the week at 1.3320 exchange rate. On Thursday, the Walt Disney Company announced that it will purchase a large stake in 21st Century Fox for a record $52.4 billion. Subject to US regulatory approval, the acquisition will create one of the largest media holdings in US history. Gold had a slight increase of 0.03%, as of last week’s market close, closing at $1,257.50. Crude Oil went up by 0.46%, closing at $57.30 a barrel.
British finance minister Philip Hammond paid an official visit to China on Saturday. Talks with China’s Vice Premier Ma Kai included discussions about a potential joint stock exchange, which would support more startups and innovative companies. The Dow Jones ended the week up by 0.58%, closing at a value of 24,651.74. The S&P 500 rose by 0.90%, closing at a value of 2,675.81. And lastly, the NASDAQ increased by 1.17%, ending the week at a value point of 6,936.58.
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