In Anticipation of Decision about US Debt

October 14, 2013

Last Friday world financial markets closed mixed – the US President still didn’t manage to come to an agreement with Congress Republicans. As such, in Europe, the British FTSE 100 grew 0.88 percent up to 6,487.19 points, the German DAX 30 advanced 0.45 percent up to 8,724.83 points, and the French CAC 40 gained 0.04 percent going up to 4,219.98 points.

In Russia, the MICEX index dropped 0.24 percent down to 1,513.01 points while the RTS fell 0.53 percent down to 1,477 points.

In the United States, the Dow Jones index grew 0.73 percent up to 15,237 points, the NASDAQ went up by 0.83 percent to 3,791 points, and the S&P 500 advanced 0.63 percent up to 1,703 points.

The price of November futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $0.52, down to $111.28 a barrel. The price of November futures for light WTI oil dropped by $0.99, down to $102.02 a barrel.

On the Forex market, EUR/USD is at the level of 1.3580. All are waiting for a decision regarding the US debt ceiling.

Anna Gorenkova, NordFX Analyst

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