Nothing New - Another Slump

July 28, 2014

Last Friday the world’s stock markets closed mainly on the decline. In Europe, in particular, Britain’s FTSE 100 fell 0.49 percent down to 6,587.95 points, Germany’s DAX 30 dropped 0.96 percent down to 8,298.98 points, and France’s CAC 40 shed 0.17 percent getting to 3,956.02 points.

In Russia, the MICEX index fell 0.39 percent down to 1,401.88 points and the RTS index – 1.17 percent down to 1,353.38 points.

In the United States, the Dow Jones Industrial Average dropped 0.7 percent down to 16,960.57 points while the Standard & Poor’s 500 fell 0.5 percent down to 1,978.34 points.

On the NYMEX, the price of the September WTI oil future rose by $0.02 and made $102.09 a barrel. On London’s ICE, the price of Brent oil futures for September went up by $1.32 reaching $108.39 a barrel.

On the global Forex market, EUR/USD keeps going down. The target is a 1.3380 support.

Anna Gorenkova, NordFX Analyst

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