Rise on Markets Due to US News

October 11, 2013

Yesterday the world’s financial markets closed with major indices going up considerably thanks to the US Republican party’s offer to raise the debt ceiling for a few months in order to be able to come to some form of agreement with Democrats.

European trading resulted in the British FTSE 100 going up by 1.46 percent to 6,430.49 points, the German DAX 30 growing 2 percent up to 8,685.77 points and the French CAC 40 advancing 2.21 percent up to 4,218.11 points.

In Russia, the MICEX index gained 1.05 percent reaching 1,516.73 points while the RTS index grew 1.63 percent up to 1,484.82 points.

In the USA, the Dow Jones index advanced 2.18 percent up to 15,126.07 points, the NASDAQ grew 2.26 percent up to 3,760.75 points, and the S&P 500 went up by 2.18 percent to 1,692.56 points.

On the commodity market, the price of November futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $2.74, up to $111.80 a barrel. The price of November futures for light WTI oil was up by $1.40 getting to $103.01 a barrel.

On the global Forex market, EUR/USD stopped for now. However, there’re preconditions for the dollar to go up.

Anna Gorenkova, NordFX Analyst


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