Markets Are Falling

September 30, 2013

Last Friday world financial markets saw major indices slump due to the continuing uncertainty with the US sovereign debt. As such, in Europe, the British FTSE 100 fell 0.81 percent down to 6,512.66 points, the German DAX 30 shed 0.03 percent down to 8,661.51 points while the French CAC 40 closed at about the same rate – 4,186.77 points.  

In Russia, the MICEX index fell 0.89 percent down to 1,471.89 points, and the RTS index dropped 1.29 percent down to 1,432.87 points.

In the United States, the Dow Jones fell 0.46 percent and made 15,258.24 points, the NASDAQ dropped 0.15 percent reaching 3,781.59 points while the S&P 500 was down by 0.41 percent and made 1,691.75 points.

On the global oil market, the price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.58, down to $108.63 a barrel. The price of November futures for light WTI oil went down by $0.16, to $102.87 a barrel.

In light of the situation in the USA, activity for EUR/USD slowed down on the world’s currency market. Today being the last day of the US fiscal year, things should get clearer and we’ll see the market’s reaction tomorrow.

Anna Gorenkova, NordFX Analyst

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