Markets Prepare for New Year's

December 29, 2014

Last Friday the world’s financial markets posted mixed trading results on the eve of New Year holidays. European markets were closed for Christmas holidays.  

In Russia, the MICEX index grew 0.66 percent up to 1,417.80 points whereas the RTS index fell 1.84 percent down to 828.57 points.

In the United States, the Dow Jones Industrial Average gained 0.13 percent going up to 18,053.71 points, the S&P 500 grew 0.33 percent up to 2,088.77 points, and the NASDAQ Composite advanced 0.7 percent up to 4,806.86 points.

On the NYMEX, the price of WTI oil futures for February dropped by $1.11 and reached $54.73 a barrel. On London’s ICE, the February future for oil of mark Brent went down by $0.79 and made $59.45 a barrel.

On the Forex market, EUR/USD has been unable to break through the level of 1.2170. The pair may never manage to do it this year.

Anna Gorenkova, NordFX Analyst

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