Market Commentary – March 2016


Craig Hendry

Craig Hendry

Managing Director & Chartered Financial Planner

04 April 2016


The FTSE 100 suffered another volatile month, however – despite the terrorist attack in Brussels – it managed to close broadly unchanged for the month at 6,174.90 (+0.36%).

In the month we have seen an improvement in commodity prices – though it remains to be seen how long the strengthening will continue. Arguably the biggest story of the month has seen Sainsbury’s takeover approach for Home Retail Group (the owner of Homebase and Argos) accepted by Home Retail.

March saw George Osbourne deliver his Annual Budget. Although there were not too many surprises he did reveal the Lifetime ISA and measures to support the faltering oil industry. The price of oil briefly passed the $40 mark, but relaxed in the last few days in the month as the glut of production shows little sign of easing.

The European Union Membership Referendum continues to dominate headlines and will do so until the polls close on 
23 June.

FTSE 100 – 6,174.90
GBP/USD – 1.4380
GBP/Euro – 1.2626
Brent Crude $39.60
Gold – $1,232.75 (per oz)

*Figures as at 31 March 2016

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