Market Needs Impetus to Move

August 18, 2014

Last Friday finished with varied changes of stock indices due to the continuing conflict in Ukraine. However, indices need new triggers for a consistent directional movement.

In Europe, the British FTSE 100 grew 0.06 percent up to 6,689.08 points whereas other indices closed with a slump – Germany’s DAX 30 fell 1.44 percent down to 9,092.60 points, and France’s CAC 40 dropped 0.74 percent down to 4,174.36 points.

In Russia, the MICEX index advanced 0.73 percent up to 1,417.82 points, and the RTS index picked up 0.03 percent closing at 1,232.34 points.

In the United States, the Dow Jones fell 0.30 percent down to 16,662.91 points, the S&P 500 lost 0.01 percent reaching 1,955.06 points while the NASDAQ gained 0.27 percent closing at 4,464.93 points.

On the NYMEX, the price of the WTI oil future for September remained at about the same level – $97.35 a barrel. On London’s ICE, the price of the Brent oil future for September rose by $1.43 and stopped at $103.53 a barrel.

On Forex, EUR/USD is experiencing a further correction around 1.3380.

Anna Gorenkova, NordFX Analyst

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