Upbeat Mood on Markets

December 10, 2013

At the beginning of the new trading week, financial markets closed predominantly in the green zone due to Friday’s positive data for the US jobless rate. In November 2013, the unemployment rate was 7 percent whereas analysts had expected 7.2 percent. It’s the lowest figure for the past five years.

In Europe, the British FTSE 100 grew 0.11 percent up to 6,559.48 points, the German DAX 30 advanced 0.25 percent up to 9,195.17 points, and the French CAC 40 gained 0.11 percent reaching 4,134.10 points.

In Russia, the MICEX index was up by 1.18 percent making 1,465.70 points while the RTS index grew 1.54 percent up to 1,412.08 points.

In the USA, the Dow Jones index climbed up by 0.03 percent to 16,025.53 points, the S&P gained 0.18 percent up to 1,808.37 points, and the NASDAQ grew 0.15 percent up to 4,068.75 points.

On the commodity market, the price of January futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $2.22, down to $109.39 a barrel. The price of January futures for light WTI oil lowered by $0.31, down to $97.34 a barrel.

The EUR/USD pair reached 1.3760 and may slow down now. It’s not recommended to open any positions at this point.

Anna Gorenkova, NordFX Analyst

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