No Common Trend for Indices

May 20, 2014

At the beginning of the trading week, the world’s financial markets closed mixed. As such, in Europe, the British FTSE fell 0.16 percent down to 6,844.55 points, the German DAX 30 grew 0.31 percent up to 9,659.39 points, and the French CAC 40 advanced 0.30 percent up 4,469.76 points.

In the United States, the Dow Jones gained 0.12 percent up to 16,511.86 points, the NASDAQ Composite grew 0.86 percent up to 4,125.81 points, and the S&P 500 BMI added 0.38 percent reaching 1,885.08 points.

On the oil market, the price of Brent oil at the IСE Futures Europe went down by $0.38 and made $109.37 a barrel. The NYMEX price of WTI Light Sweet oil rose by $0.59 and got to $102.61 a barrel.

On Forex, EUR/USD is still holding at the 1.37 support level. Nonetheless, judging by the moods, the pair will go down soon. In this case, its target will be 1.3580.

Anna Gorenkova, NordFX Analyst

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