Investors Unsure of Direction Due to Political Instability

July 30, 2014

Yesterday world financial markets closed mixed. As such, in Europe, Britain’s FTSE 100 grew 0.29 percent up to 6,807.75 points, Germany’s DAX gained 0.58 percent finishing trading at 9,653.63 points, and France’s САС 40 advanced 0.48 percent up to 4,365.58 points.

In Russia, the MICEX index grew 0.58 percent up to 1,369.83 points whereas the RTS index fell 0.13 percent down to 1,207.29 points.

In the United States, the Dow Jones dropped 0.41 percent down to 16,912.11 points, the S&P 500 shed 0.45 percent getting to 1,969.95 points, and the NASDAQ fell 0.05 percent down to 4,442.69 points.

On the global oil market – on the New York Mercantile Exchange the price of WTI oil went down by $0.70 and made $100.97 a barrel while on InterсontinentalExchange Futures Europe the price of Brent oil rose by $0.15 and reached $107.22 a barrel. 

On the Forex market, EUR/USD is steadily moving toward 1.3380. Today the Federal Reserve will announce its decision regarding the interest rate. This may give the pair a boost to get over 1.3380.

Anna Gorenkova, NordFX Analyst


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