More Talks about QE3

21 November, 2013

Yesterday world financial markets closed with a slump of major indices due to the rumors that the European Central Bank was considering to set a negative deposit rate. Moreover, investors interpreted the report on the US Federal Open Market Committee’s meeting as an indication that the quantitative easing program would be pulled back soon.

Trading in the Eurozone resulted in the British FTSE 100 going down by 0.25 percent to 6,681.08 points, the French CAC 40 dropping 0.09 percent down to 4,268.37 points but the German DAX gaining 0.10 percent up to 9,202.07 points.  

In Russia, the MICEX index fell 0.18 percent down to 1,508.52 points and the RTS index – 0.54 percent down to 1,447.20 points.

In the USA, the Dow Jones index shed 0.41 percent reaching 15,900.80 points, the S&P dropped 0.36 percent down to 1,781.37 points, and the NASDAQ fell 0.26 percent stopping at 3,921.27.

On NYMEX, the price of December WTI oil futures lowered by $0.01 and made $93.33 a barrel. On London’s ICE, the January Brent oil future went up by $1.14 and reached $108.06 a barrel.

On the Forex market, EUR/USD couldn’t get over 1.3581. The pair ended up between the daily MA’s again.

Anna Gorenkova, NordFX Analyst


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