Overall Slump Yesterday

July 16, 2014

On Tuesday world financial markets closed predominantly with a slump of major indices. As such, in Europe, the British FTSE 100 fell 0.53 percent down to 6,710.45 points, Germany’s DAX shed 0.65 percent down to 9,719.41 points, and the French CAC 40 dropped 1.03 percent down to 4,305.31 points.

The Russian MICEX index fell 0.52 percent down to 1,475.77 points and the RTS index – 0.72 percent stopping at 1,352.15 points.

In the USA, the Dow Jones Industrial Average grew 0.03 percent up to 17,060.68 points, the Standard & Poor's 500 gained 0.19 percent going up to 1,973.28 points, and the NASDAQ Composite advanced  0.54 percent settling at 4,416.39 points.

On the NYMEX, WTI oil went down by $1.45 and made $99.46 a barrel. On the IСE Futures Europe, the price of Brent oil dropped by $2.05 reaching $104.93 a barrel. These are the lowest prices for the past few months. 

On Forex, EUR/USD also went down considerably – it finished the day below a support around 1.3580, and the fall continues today. The pair may go down to 1.35 today.

Anna Gorenkova, NordFX Analyst 

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