One Day till Default

October 16, 2013

Yesterday world financial markets closed mixed. In particular, Europe saw the British FTSE 100 gain 0.64 percent up to 6,549.11 points, the German DAX 30 grow 0.92 percent up to 8,804.44 points and the French CAC 40 – 0.78 percent up to 4,256.02 points.

In Russia, the MICEX index advanced 1.42 percent up to 1,531.67 points while the RTS index grew 1.45 percent up to 1,495.31 points.

In the USA, the Dow Jones index fell 0.87 percent down to 15,168.01 points, the NASDAQ shed 0.56 percent down to 3,794.01 points, and the S&P 500 dropped 0.71 percent reaching 1,698.06 points.

On the commodity market, NYMEX price quotations for WTI oil futures slumped by $1.20, to $101.21 a barrel. On London’s ICE, the price of Brent oil futures for November delivery went down by $1.08, down to $109.96 a barrel.  

Yesterday it became known that Republicans from the U.S. House of Representatives had prepared a plan for resolving the budget crisis. The proposal allows reopening federal agencies till 15 January while simultaneously raising the debt ceiling till 7 February 2014.

On the Forex market, the situation remains the same.

Anna Gorenkova, NordFX Analyst


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