Spotlight on US Default Threat Again

September 24, 2013

Yesterday world financial markets closed in the red zone. Like a year ago, the pick of the day was the US debt ceiling. According to experts’ forecasts, the current maximum can be reached already in mid-October. This would lead to a default unless the debt cap gets raised once again. However, no talks are held on this issue at this point, which, in fact, causes alarm among investors.

In Europe, the British FTSE 100 fell 0.59 percent down to 6,557.37 points, the German DAX 30 dropped 0.47 percent down to 8,635.29 points, and the French CAC 40 shed 0.75% going down to 4,172.08 points.

In Russia, the MICEX index slumped 0.62 percent down to 1,467.62 points while the RTS index fell 0.79 percent down to 1,451.42 points.

In the United States, the Dow Jones went down by 0.32 percent to 15,401.38 points, the S&P fell 0.47 percent down to 1,701.84 points, and the NASDAQ dropped 0.25 percent down 3,765.29 points.

The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.13, down to $108.09 a barrel. The price of WTI oil futures dropped by $1.25, down to $103.50 a barrel.

On the Forex market, EUR/USD is experiencing a correction after a sharp rise. At this time, the pair’s prospects are unclear. If the pair doesn’t manage to get fixed below 1.3460, it will be easier for it to go up – the dollar is too weak now.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

HYCM Rating
Grand Capital Rating
Vantage FX Rating
OctaFX Rating
FxPro Rating
FBS Rating

EZTrader Rating
24option Rating
OptionFair Rating
OptionBit Rating
Grand Option Rating
Porter Finance Rating