Slump on Markets Yesterday

August 20, 2013

On Monday world financial markets closed mainly with a slump in major indices. In particular, in Europe Britain’s FTSE 100 fell 0.53 percent getting to 6,465.73 points, Germany’s DAX 30 shed 0.31 percent down to 8,366.29 points, and France’s CAC 40 dropped 0.97 percent going down to 4,083.98 points.

In Russia the MICEX index, on the contrary, grew 0.1 percent up to 1,382.30 points whereas the RTS index lost 0.09 percent and stopped at 1,322.30 points.

In the United States the Dow Jones index fell 0.47 percent and reached 15,010.74 points, the NASDAQ sank by 0.38 percent down to 3,589.09 points, and the S&P 500 shed 0.59 percent down to 1,646.06 points.

On the commodity market, the price of September futures for light WTI oil lowered by $0.36, down to $107.10 a barrel. The price of October futures for the North Sea petroleum mix of mark Brent Crude Oil went down by $0.50, to $109.90 a barrel.

There are no changes on the Forex market so far. Today markets are in anticipation – tomorrow the US Federal Reserve’s July meeting minutes will be published. Market players hope to get clues from the minutes as to the extent of the QE3 cut.   

Anna Gorenkova, NordFX Analyst

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