Different Directions Once Again

July 25, 2014

Yesterday the world’s financial markets closed mixed. As such, in Europe, the British FTSE 100 grew 0.34 percent up to 6,821.46 points, the German DAX gained 0.42 percent reaching 9,794.06 points, and the French САС 40 advanced 0.78 percent up to 4,410.65 points.

In Russia, the MICEX index grew 0.16 percent up to 1,408.80 points while the RTS index fell 0.42 percent down to 1,266.72 points.

In the United States, the Dow Jones Industrial Average shed 0.02 percent and stopped at 17,083.80 points, the S&P 500 BMI grew 0.05 percent up to 1,987.98 points whereas the NASDAQ Composite dropped 0.04 percent and finished trading at 4,472.11 points.

The NYMEX price of September WTI oil futures went down by $1.05 making $102.07 a barrel. On London’s ICE, the price of Brent oil futures for September delivery dropped by $0.96 reaching $107.03 a barrel.

On Forex, EUR/USD went down to 1.3460 and is experiencing a correction now. In case of a further fall, the pair’s next target will be 1.3380.

Anna Gorenkova, NordFX Analyst

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