ECB Lowered Interest Rates

November 8, 2013

Yesterday world financial markets closed mixed once again. Yesterday the ECB cut its interest rate to a record low of 0.25%.  

European indices were mainly on the rise – the FTSE 100 fell 0.61 percent down to 6,700.48 points, the German DAX grew 0.66 percent up to 9,100.80 points, and the French CAC 40 advanced 0.13 percent up to 4,292.66 points. 

In Russia, the MICEX index gained 0.62 percent reaching 1,509.25 points while the RTS index grew 0.64 percent up to 1,468.22 points.  

In the USA, the industrial Dow Jones slumped 0.97 percent down to 15,593.98 points, the S&P 500 BMI fell 1.32 percent down to 1,747.15 points, and the hi-tech NASDAQ shed 0.1 percent making 3,857.33 points.

The price of December futures for the North Sea petroleum mix of mark Brent Crude Oil lowered by $ 1.78, down to $103.46 a barrel. The price of December futures for light WTI oil went down by $0.60, to $94.20 a barrel.

On the Forex market, EUR/USD kept going down without a major correction and finally covered the gap from 16 September 2013. At the same time, the pair stopped at the long-term daily MA.  

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Trade360 Rating
XTB Rating
Fort Financial Services Rating
Larson&Holz IT Ltd Rating
FBS Rating
Grand Capital Rating

Porter Finance Rating
OptionTrade Rating
TropicalTrade Rating Rating
First Binary Option Service Rating
OptionBit Rating