Unemployment Went Down

January 13, 2014

On the last day of the previous week, world financial markets closed mainly with a rise of the major indices.  According to the data released on Friday, the number of US nonfarm jobs increased by 74,000 whereas the figure had been expected to reach 196,000. However, the jobless figures turned out to be more uplifting – the unemployment rate went down from 7 percent in November to 6.7 percent in December, the lowest since October 2008.

Thus, in Europe, the British FTSE 100 grew 0.73 percent up to 6,739.94 points, the German DAX 30 advanced 0.55 percent up to 9,473.24 points, and the French CAC 40 gained 0.60 percent and stopped at 4,250.60 points.

In Russia, the MICEX index grew 0.28 percent up to 1,469.19 points and the RTS index – 0.51 percent up to 1,395.91 points.

In the USA, the Dow Jones dropped 0.05 percent down to 16,437.05 points, the NASDAQ advanced 0.44 percent up to 4,174.66 points, and the S&P 500 grew 0.23 percent up to 1,842.37 points.

On the IСE Futures Europe, the official price of Brent oil rose by $0.86 and made $107.25 a barrel. On NYMEX, the price of WTI oil went up by $1.06 and reached $92.72 a barrel. 

On the Forex market, EUR/USD finished on the up. Currently, the pair is held back by the short-term MA (Friday’s closing level was below it).

Anna Gorenkova, NordFX Analyst

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