Russian Equity Gains Due to Oil Price Rise Over Holidays

6 May, 2015

Yesterday world financial markets closed mixed. European indices posted a drop – Britain’s FTSE 100 fell 0.84 percent to 6,927.58 points, Germany’s DAX slumped 2.51 percent down to 11,327.68 points, and France’s CAC 40 dropped 2.12 percent down to 4,974.07 points.

At the same time, Russia’s equity soared up, taking a cue from rising oil prices and ruble strengthening over the holidays. Thus, the MICEX index advanced 1.98 percent up to 1,721.80 points while the RTS index shot up by 4.24 percent altogether and reached 1,072.93 points.

In the USA, the Dow Jones fell 0.79 percent to 17,928.20 points, the S&P 500 shed 1.18 percent down to 2,089.46 points, and the NASDAQ dropped 1.55 percent down to 4,939.33 points.

On the NYMEX, the price of June futures for WTI oil rose by $1.47 and made $60.40 a barrel. On London’s ICE, the June future for oil of mark Brent went up by $1.07 and reached $67.52 a barrel.

Yesterday on the global currency market, the euro gained ground against the dollar. Today EUR/USD continues to go up. In case the chart pattern is completed, the pair can get to 1.14.

Anna Gorenkova, NordFX Analyst


Source link  
Investing in Gold: Endurance Test

Nathan Rothschild from the famous banking dynasty once said that gold was not understood. Attempts to sum up the opinions of the most respected representatives of the financial community only prove Rothschild right - all discussions about gold turn into a real battle...

How to Survive Global Financial Apocalypse

Can the latest events in the world be viewed as precursors of an economic collapse on a global scale? Currencies soar and crash, there’re bearish forecasts for the markets of almost all large countries, falling oil prices and plunging shares of major companies. Many respectable analysts believe that this is just the beginning and the worst of it will be staggering...

Euro Reached Its Target Level

Last Friday European markets closed in the red whereas Russian and US markets posted a rise...


FTSE 100 grew 0.23 percent to 6,949.63 points

Yesterday the world’s financial markets closed mainly on the decline. In Europe, the FTSE 100 grew 0.23 percent to 6,949.63 points, the DAX dropped 1.05 percent down to 11,351.46 points, and the CAC 40 fell 0.26 percent to 4,961.86 points...

EUR/USD Is Correcting

Yesterday world financial markets posted mixed results again. In Europe, the FTSE 100 fell 0.67 percent to 6,886.95 points...

Euro Started to Go Up

Yesterday world financial markets closed predominantly with a drop. As such in Europe, the British FTSE 100 fell 1.2...


Euro Continues to Fall

Last Friday the world’s financial markets closed with a drop for the most part. Some European...

EUR/USD on the Decline

Yesterday world financial markets posted mixed results again. In Europe as such...

EUR/USD Needs a New Impetus

Yesterday world financial markets posted mixed results – there was a rise in Europe...

  


Share: