Indices Losing Ground

January 30, 2014

Yesterday the world’s financial markets closed mainly with a slump in major indices. In Europe, Britain’s FTSE 100 fell 0.43 percent down to 6,544.28 points, France’s CAC 40 dropped 0.68 percent down to 4,156.98 points, and Germany’s DAX shrank by 0.75 percent down to 9,336.73 points.

In Russia, the MICEX index shed 0.5 percent going down to 1,462.99 points while the RTS index fell 1.8 percent and stopped at 1,308.

In the USA, the Dow Jones Industrial Average slumped 1.19 percent down to 15,928.56 points, the Standard & Poor's 500 dropped 1.02 percent reaching 1,792.50 points, and the NASDAQ Composite plunged by 1.14 percent down to 4,051.43 points.

The price of March futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.44, up to $107.85 a barrel. The price of March futures for light WTI oil went down by $0.05 and made $97.36 a barrel.

On Forex, the situation hasn’t changed so far. EUR/USD is still in the correction mode.

Anna Gorenkova, NordFX Analyst

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