Impressive Hike on Markets

September 6, 2013

Yesterday world financial markets posted quite a noticeable hike of indices due to the release of eurozone statistics. The ECB and the Bank of England kept the base interest rates at 0.5 percent. Moreover, ECB President Mario Draghi announced the regulator’s plans to keep the rates low for a lengthy period of time. Also, the ECB published its forecast for eurozone economic growth that predicts a 0.4% decline in 2013 whereas earlier the figure was expected to be 0.6%.

As such, in Europe the British FTSE 100 advanced 0.89 percent up to 6,532.44 points, the German DAX 30 went up by 0.48 percent to 8,234.98 points, and the French CAC 40 grew 0.66 percent up to 4,006.80 points.

In Russia the MICEX index grew 3.4 percent up to 1,422.4 points while the RTS index advanced 3.18 percent up to 1,339.8 points.

In the USA the Dow Jones gained 0.04 percent going up to 14,937.48 points, the S&P grew 0.12 percent up to 1,655.08 points, the Nasdaq went up by 0.27 percent and made 3,658.79 points.

On the IСE Futures Europe, the official price of Brent oil rose by $0.35 and reached $115.26 a barrel. On NYMEX, the official price of WTI oil grew by $1.14 and made $108.37 a barrel.

On the Forex market, EUR/USD couldn’t get over the medium-term MA and crashed to 1.3120. The closing rate today may already give a clearer picture of the pair’s short-term targets.

Anna Gorenkova, NordFX Analyst

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