Dollar Moves Up, Indices Down

September 9, 2014

At the beginning of the week, the world’s financial markets closed mainly with a slump due to reports about new sanctions planned by the European Union against Russia. In Europe, in particular, Germany’s DAX 30 grew 0.11 percent up to 9,758.03 points, France’s CAC 40 fell 0.30 percent down to 4,474.93 points while Britain’s FTSE 100 also shed 0.30 percent finishing trading  at 6,834.77 points.

On the Russian floor, the MICEX index fell 0.67 percent down to 1,464.76 points and the RTS index – 0.93 percent down to 1,245.53 points.

In the USA, the Dow Jones Industrial Average dropped 0.15 percent down to 17,111.42 points, the Standard & Poor's 500 shed 0.31 percent closing at 2,000.54 points whereas the NASDAQ Composite advanced 0.20 percent up to 4,592.29 points.

On London’s ICE Futures, October Brent oil futures went down by $0.62 reaching $100.20 a barrel. On the New York Mercantile Exchange, the price of October WTI oil futures got lower by $0.63 stopping at $92.66 a barrel.

On the global currency market, EUR/USD is very near 1.2850 already. After this, the pair should start an upward correction.

Anna Gorenkova, NordFX Analyst

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