Crimea within Russia - Market on the Up

March 19, 2014

Yesterday world financial markets closed on the rise. Investors responded to the signing of the treaty to incorporate Crimea into the Russian Federation.

In Europe, the British FTSE 100 grew 0.56 percent up to 6,604.84 points, the German DAX 30 gained 0.78 percent reaching 9,252.66 points, and the French CAC 40 advanced 1.06 percent up to 4,317.18 points.

In Russia, the MICEX was up by 4 percent altogether stopping at 1,335 points while the RTS index shot up by 4.2 percent getting to 1,160 points.

In the USA, the Dow Jones grew 0.55 percent up to 16,336.19 points, the S&P picked up 0.72 percent making 1,872.25 points, and the NASDAQ advanced 1.25 percent up to 4,333.31 points.

Yesterday the price of WTI oil rose by $1.62 and reached $99.70 a barrel. The price of Brent oil went up by $0.55 finishing the day at $106.79 a barrel.

On Forex, EUR/USD is within the range of 1.3880-1.3970 so far. Today the Federal Reserve is holding its meeting. The pair may break out of these bounds following the results of the meeting.

Anna Gorenkova, NordFX Analyst

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