Focus Stays on USA

October 10, 2013

Yesterday world financial markets closed in the red zone due to the government shutdown and the threat of default in the USA. As such, in Europe, the British FTSE 100 fell 0.4 percent down to 6,337.91 points, the German DAX 30 slumped 0.5 percent down to 8,541.69 points, and the French CAC 40 dropped 0.2 percent down to 4,127.05 points.

In Russia, the MICEX index fell 0.27 percent down to 1,501.01 points while the RTS index shed 0.72 percent going down to 1,461 points.

In the United States, the Dow Jones index grew 0.18 percent up to 14,803 points, the NASDAQ was down by 0.46 percent reaching 3,677.78 points, and the S&P 500 advanced 0.06 percent up to 1,656.40 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Bent Crude Oil dropped by $1.10, down to $109.06 a barrel. The price of November futures for light WTI oil lowered by $1.88, down to $101.61 a barrel.   

On the global Forex market, the dollar has gone up against the euro on the news that President Barack Obama nominated Janet Yellen for the new head of the Federal Reserve. If the situation with the US budget gets resolved and the government resumes its work, the EUR/USD pair has every chance of picking up its downward move to 1.33.

Anna Gorenkova, NordFX Analyst

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