Indices on the Rise, Oil Prices Going Down

August 30, 2013

Yesterday financial markets closed mixed. As such, stock floors saw major indices go up while oil prices tumbled down.  

Trading in Europe resulted in a rise of stock indices – the British FTSE 100 grew 0.82 percent up to 6,483.05 points, the German DAX 30 advanced 0.45 percent up to 8,194.55 points, and the French CAC 40 gained 0.65 percent going up to 3,986.35 points.

On the Russian floor the MICEX index went up by 0.16 percent to 1,371.89 points while the RTS index grew 0.08 percent up to 1,300.67 points.

On the commodity market, the price of October futures for the North Sea petroleum mix of mark Brent fell by $1.45 stopping at $115.16 a barrel. The price of October light WTI oil futures lowered by $1.30, down to $108.80 a barrel.

On the Forex market, EUR/USD failed to fix above 1.3380. Now the dollar is going up in light of the data for US GDP. According to mass media, in the second quarter of 2013 the actual growth of the USA’s GDP was 2.5 percent whereas analysts expected the figure to be 2.2 percent. The dollar hike may let up already at 1.32.

Anna Gorenkova, NordFX Analyst

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