First Friday of New Year

6 January, 2014

On the first Friday of the new calendar year, the world’s financial markets closed mixed. Players didn’t manage to decide on a trend due to ambiguous statements by US Federal Reserve members that were published last Friday. On the one hand, a concern was voiced that curtailing the quantitative easing program could cause a sharp inflation rise. On the other hand, the Federal Reserve still says that it will maintain an accommodative monetary policy in the new year.

Trading on European stock markets resulted in the following – the British FTSE 100 grew 0.16 percent up to 6,728.66 points, the German DAX advanced 0.34 percent up to 9,431.65 points, and the French CAC 40 gained 0.47 percent reaching 4,247.03 points.

At the same time in the USA, the Dow Jones index grew 0.17 percent up to 16,469.99 points, the S&P shed 0.03 percent down to 1,831.36 points while the NASDAQ fell 0.27 percent altogether, stopping at 4,131.91 points.

On the world oil market, the price of February futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $0.89, down to $106.89 a barrel. The price of February futures for light WTI oil lowered by $1.48, getting to $93.96 a barrel.

On the global Forex market, EUR/USD has been going down since the beginning of the year. The dollar may continue to grow all the way up to the long-term MA.

Anna Gorenkova, NordFX Analyst


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