Markets Are Waiting for Ben Bernanke

December 2, 2013

Last Friday world financial markets closed mixed. European stock indices finished as follows – the British FTSE 100 shed 0.06 percent down to 6,650.57 points, the German DAX 30 grew 0.19 percent up to 9,405.30 points while the French CAC 40 fell 0.17 percent down to 4,295.21 points.

On the Russian share market, the MICEX index dropped 0.01 percent down to 1,479.35 points and the RTS index – 0.25 percent down to 1,402.93 points.

In the USA, the Dow Jones fell 0.07 percent reaching 16,086.41 points, the S&P shed 0.08 percent down to 1,805.81 points whereas the NASDAQ grew 0.37 percent up to 4,059.89 points.

The price of January futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $1.17, down to $109.69 a barrel. The price of January futures for light WTI oil rose by $0.42, up to $92.72 a barrel.

On Friday, the global Forex market saw EUR/USD finish with a slump. Nonetheless, it closed above the 1.3580 support, which allows the pair to go up. Today Federal Reserve Chief Ben Bernanke is expected to make a speech. After that, the pair may decide on a direction.

Anna Gorenkova, NordFX Analyst

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