Quantitative Easing Stays

October 31, 2013

Yesterday world financial markets finished predominantly with a slump. As such, in Europe Britain’s FTSE 100 grew 0.04 percent up to 6,777.70 points, Germany’s DAX 30 fell 0.13 percent down to 9,010.27 points, and France’s CAC 40 shed 0.09 percent down to 4,274.11 points.

In Russia, the MICEX index climbed down by 0.01 percent to 1,516 points. The RTS index advanced 0.11 percent up to 1,493.14 points.  

In the United States, the Dow Jones dropped 0.39 percent down to 15,618.76 points, the S&P fell 0.49 percent down to 1,763.31 points, and the NASDAQ shed 0.55 percent down to 3,930.62 points.

On the global commodity market, the price of December futures for light WTI oil went down by $1.43 and made $96.77 a barrel. The price of December futures for the North Sea petroleum mix of mark Brent Crude rose by $0.85, up to $109.86 a barrel.  

Yesterday the Federal Open Market Committee decided to carry on with the quantitative easing program. However, it was noted that the economic situation in the US had improved. That gave a boost to the dollar on the Forex market. At this time, EUR/USD is at 1.37.  

Anna Gorenkova, NordFX Analyst

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