Week Ended With a Hike

September 9, 2013

Last Friday world financial markets closed with a rise of indices due to positive US unemployment data. On European floors, indices finished as follows – the British FTSE 100 grew 0.23 percent up to 6,547.33 points, the German DAX 30 gained 0.49% up to 8,275.67 points, and the French CAC 40 advanced 1.06 percent up to 4,049.19 points.

In Russia the MICEX index grew 0.1 percent up to 1,423.4 points while the RTS index advanced 0.4 percent up to 1,345.6 points.

In the USA the Dow Jones dropped 0.10 percent down to 14,922.50 points, the NASDAQ grew 0.03 percent up to 3,660.01 points, the S&P 500 climbed up by 0.01 percent getting to 1,655.17 points.

The price of October futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $0.86, up to $116.12 a barrel. The price of October futures for light WTI oil went up by $2.16 reaching $110.53 a barrel.

On Friday there was published US nonfarm payrolls data as well as unemployment data for August 2013. According to the report, the number of jobs increased by 169,000 and the jobless rate dropped by 0.1 percent, down to 7.3 percent, in comparison with the previous month.  

Besides, investors continue to keep a close watch on the situation around Syria.  So far, the talks between the USA and Russia at the G20 summit haven’t yielded results.

On the Forex market, EUR/USD couldn’t get over 1.3120 either. Now the pair is again between the medium-term MA and the long-term MA. More waiting is to be done here.

Anna Gorenkova, NordFX Analyst

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