Markets on the Rise Due to US News

23 December, 2013

On Friday world financial markets closed mainly on the rise. Last week it became known that the Federal Reserve had decided to curtail the quantitative easing program and cut asset buying from 85 billion down to 75 billion dollars a month. Besides, the final US GDP data for the 3rd quarter of 2013 was published – the US economy growth rate made 4.1 percent, which is the highest figure since 2011.  

In particular, in Europe the British FTSE 100 grew 0.33 percent up to 6,606.58 points, the German DAX 30 advanced 0.69 percent up to 9,400.18 points, and the French CAC 40 gained 0.40 percent reaching 4,193.77 points.

On the Russian floor, the MICEX index shed 0.05 percent down to 1,497.23 points and the RTS index – 0.08 percent down to 1,429.91 points.

In the USA, the Dow Jones grew 0.26 percent up to 16,221.14 points, the S&P gained 0.48 percent up to 1,818.32 points, and the NASDAQ advanced 1.15 percent up to 4,104.74 points.

On London’s ICE Futures Europe, the price of the IPE Brent Crude oil future (for February) rose by $1.48, up to $111.77. On NYMEX, the price of the Light Sweet Crude Oil future (for January) went up by $0.26, to $99.32 a barrel.

On the Forex market, EUR/USD is between the support 1.3650 and the short-term daily MA.

Anna Gorenkova, NordFX Analyst


Source link  
Which Currency Will Come Out on Top: US Dollar or Yen?

USDJPY currency pair is among the top five most popular pairs either in Forex market or when trading binary options, therefore not only governors of the central banks and managers of the hedge funds, but also millions of private traders around the world care for its future...

Oil Price Hike: To Be or Not to Be?

In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller's heirs called off their investments in fossil fuels. They explained the decision by the fact that clean renewable energy was phasing out oil-based wealth...

HSBC Shares: Perspectives for 2016

HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America...


EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points...

Oil Price Continue to Fall

Yesterday world financial markets posted mixed results. In Europe, the British FTSE 100 grew 0.34 percent to 6,973.04...

Drop in European Equity Due to Greek Situation

Yesterday world financial markets closed mixed. In particular, European stock markets slumped following the interim meeting of the Eurogroup and the Greek government...


A Slight Hike on Markets

On Monday, the world’s financial markets closed mainly on the rise, with the exception of the commodity market where the price...

Markets Are on the Up Again

Yesterday world financial markets closed on the rise for the most part. In Europe, the FTSE...

Decline for All Markets

Last Friday the world’s financial markets closed with a slump due to China's crackdown on margin trading...

  


Share: