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

Publication source
NordFX information  NordFX reviews

December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...
December 7, 2016
Unexpected fall in UK economic indicators
This morning saw a substantial drop in both the manufacturing production and industrial production in the UK for the month of October which comes as a timely reminder that the economy remains vulnerable. The pound ended its recent rise against the US dollar yesterday after hitting a 2-month high...
December 7, 2016
U.S. dollar recovers from Monday lows
The U.S. dollar index managed to recover from a 14-day low on Monday at 99.87 with prices turning bullish yesterday. However, the gains remain limited within Monday's range with further upside likely to see the 100.80 resistance being established...

Fort Financial Services Rating
OctaFX Rating
 FXTM Rating
FBS Rating
EXNESS Rating
FXCM Rating

EZTrader Rating
Binary Brokerz Rating
OptionBit Rating
IQ Option Rating
Anyoption Rating
24option Rating