Indices Down, Oil Goes Up

March 17, 2014

On the last day of the previous trading week, the world’s stock markets closed mainly with a slump due to the situation in Ukraine.

In Europe, Britain’s FTSE 100 grew 0.40 percent up to 6,527.89 points, Germany’s DAX 30 advanced 0.43 percent up to 9,056.41 points whereas France’s CAC 40 fell 0.80 percent down to 4,216.37 points.

In Russia, the MICEX index dropped 0.63 percent down to 1,240.69 points and the RTS index – 1.17 percent going down to 1,065.25 points. The indices reverted to the levels they were at in 2009.

In the USA, the Dow Jones fell 0.27 percent down to 16,065.67 points, the hi-tech NASDAQ shed 0.35 percent down to 4,245.40 points, and the S&P 500 BMI also went down by 0.28 percent closing at 1,841.13.

On the global oil market, the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.18, up to $108.57 a barrel. The price of April futures for light WTI oil rose by $0.69, finishing the trading session at $98.89 a barrel.

On Forex, EUR/USD went up almost to 1.3970 but couldn’t stay at that rate. Nonetheless, the euro has good prospects for further advancement.

Anna Gorenkova, NordFX Analyst

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