Markets on the Rise Due to US News

December 23, 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

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