Negative Outlook for Chinese and EU Economies

September 23, 2014

Yesterday world equity markets closed in the red due to reports that China’s economy growth could slow down. There were no bright notes in ECB President Mario Draghi’s speech either – he highlighted an unacceptably high unemployment rate in the European Union and great geopolitical tensions around the globe.   

As a result, Europe saw the British FTSE 100 fall 0.67 percent down to 6,773.63 points, the German DAX drop 0.51 percent down to 9,749.54 points and the French CAC 40 – 0.42 percent down to  4,442.55 points.

On the Russian floor, the MICEX index shed 1.31 percent reaching 1,412.83 points and the RTS index fell 1.63 percent ending up at 1,151.16 points.

In the USA, the Dow Jones dropped 0.62 percent down to 17,172.68 points, the S&P 500 declined by 0.80 percent down to 1,994.29 points, and the NASDAQ Composite fell  1.14 percent down to 4,527.69 points.

On the NYMEX, price quotations for October WTI oil futures went down by $0.89 finishing the trading  session at $91.52 a barrel. On London’s ICE, the November Brent oil future went down by 1.42 and made $96.97 a barrel.

There’re no new developments on the Forex market.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

January 23, 2017
Japanese Yen is taking the heat
Looking at the daily chart of the Japanese Yen, we can see that the bullish engulfing has formed next to the 50% Fibonacci level, which has been broken on the weekly chart at the points of 125.853 and 98.935...
January 23, 2017
Main Macro Events This Week
President Trump has his feet under the desk in the Oval office and the tone of his inaugural speech and actions over the weekend reiterated his campaign themes to Make America Great Again...
January 23, 2017
UK stocks start the week on the back foot
The FTSE100 is under some selling pressure this morning and trading lower by around 40 points. The leading UK stock index posted its first weekly loss in over a month on Friday and has continued lower out the gate today. The pound is broadly higher on the day and has moved back above the 1.24 handle against the US dollar...

Vantage FX Rating
Z.com Trade Rating
OctaFX Rating
Trade360 Rating
Fort Financial Services Rating
Tickmill Rating

24option Rating
First Binary Option Service Rating
Binary Brokerz Rating
TropicalTrade Rating
OptionFair Rating
Binary.com Rating