Indices Began Upward Correction

November 11, 2014

Yesterday world stock markets closed on the rise whereas oil prices went down. In Europe, in light of positive corporate reports, the British FTSE 100 advanced 0.67 percent up to 6,611.25 points, the French CAC 40 grew 0.79 percent going up to 4,222.82 points while the German DAX 30 added 0.65 percent throughout the trading session and closed at 9,351.87 points.

The Russian market also posted some growth yesterday, with the rouble getting stronger – the MICEX index grew 1.22 percent up to 1,515.36 points, and the RTS index shot up by 3.75 percent making 1,045.51 points.

In the USA, the Dow Jones Industrial Average gained 0.23 percent up to 17,613.74 points, the NASDAQ Composite grew 0.41 percent up to 4,651.62 points, and the S&P BMI picked up 0.31 percent reaching 2,038.26 points.

On Monday, the NYMEX price of WTI oil futures for December fell by $1.25 making $77.40 a barrel. On London’s ICE, the price of the Brent oil future for December went down by $1.05 and finished the day at $82.34 a barrel.

On the Forex market, EUR/USD closed with a bearish candle. At this point, the bearish tone is predominant on the market. 

Anna Gorenkova, NordFX Analyst

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