Further Sharp Decline in Markets

October 16, 2014

Yesterday world financial markets closed mainly with a slump in light of released corporate reports and negative macroeconomic data. In Europe as such, the British FTSE 100 fell 1.68 percent down to 6,285.41 points, Germany’s DAX 30 dropped 2.16 percent closing at 8,634.50 points, and the French CAC 40 shed 3.63 percent down to 3,939.72 points.

On the Russian floor, the MICEX index fell 1.22 percent down to 1,377.09 points and the RTS index – 0.78 percent down to 1,067.05 points.

In the USA, the Dow Jones dropped 1.06 percent down to 16,141.74 points, the S&P 500 closed at 1,862.49 points after losing 0.81 percent while the NASDAQ Composite fell 0.28 percent finishing the trading day at 4,215.32 points.

The NYMEX price of WTI oil futures for November went down by $1.07 and reached $80.71 a barrel. On London’s ICE, the cost of Brent oil futures for November delivery got lower by $0.87 and made $82.91 a barrel.

On the Forex market, EUR/USD continues its upward correction. The correction range can expand to 1.2990.

Anna Gorenkova, NordFX Analyst

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