Dollar Awaits a New Boost for Growth

October 31, 2014

On Thursday, the world’s stock indices closed on the rise. In Europe, the British FTSE grew 0.15 percent up to 6,463.55 points, the German DAX 30 advanced 0.35 percent up to 9,114.84 points, and the French CAC 40 picked up 0.74 percent closing at 4,141.24 points.

On the Russian stock exchange, the MICEX index grew 0.92 percent up to 1,452.89 points, and the RTS index gained 0.07 percent reaching 1,098.68 points.

In the USA, the Dow Jones advanced 1.30 percent up to 17,195.42 points, the S&P 500 grew 0.62 percent up to 1,994.65 points while the NASDAQ added 0.37 percent making 4,566.14 points.

At the same time, there was another slump in oil prices on Thursday. The NYMEX price of the WTI oil future went down by $1.08 reaching $81.12 a barrel. The ICE price of the Brent oil future fell by $0.88 down to $86.24 a barrel.

On the Forex market, EUR/USD is getting nearer 1.2510. The pair needs a serious boost in order to break through this level downwards.

Anna Gorenkova, NordFX Analyst

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