Monday Finished in Red Zone

March 11, 2014

Yesterday world financial markets closed with a slump. European stock indices finished trading as follows – the British FTSE 100 fell 0.35 percent down to 6,689.45 points, the German DAX 30 dropped 0.91 percent down to 6,265.50 points while the French CAC 40 grew 0.10 percent up to 4,370.84 points.

The MICEX index last posted a 0.72% drop down to 1,329.70 points. The RTS index fell 0.81 percent reaching 1,149.49 points.

In the USA, the Dow Jones shed 0.21 percent going down to 16,418.68 points, the S&P climbed down by 0.05 percent reaching 1,877.17 points, and the NASDAQ fell 0.04 percent down to 4,334.45 points.

On the global oil market, the price of April futures for Brent Crude Oil went down by $0.92, getting to $108.08 a barrel. The price of April futures for light WTI oil lowered by $1.46 and ended up at $101.12 a barrel.

The EUR/USD pair is at 1.3880. Now it’s experiencing a correction during which the pair may go down to 1.3820 again.

Anna Gorenkova, NordFX Analyst

 

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