Markets Tumble Down Again

March 4, 2014

Yesterday the world’s financial markets closed with a slump. In Europe, the major indices posted the following results – the British FTSE 100 fell 1.49 percent down to 6,708.35 points, the German DAX 30 dropped 3.44 percent down to 9,358.89 points, and the French CAC 40 shed 2.66 percent down to 4,290.87 points.

Russian markets saw a downright crash of rates – the MICEX index slumped 10.8 percent down to 1,288.81 points while the RTS index plunged 12.01 percent total finishing at 1,115.06 points.

In the USA, the Dow Jones grew 0.94 percent stopping at 16,167.97 points, the hi-tech NASDAQ fell 0.72 percent down to 4,277.30 points, and the S&P 500 BMI dropped 0.74 percent down to 1,845.73 points.

On the commodity market, the price of April futures for the North Sea petroleum mix of mark Brent Crude Oil rose by $1.69, up to $110.76 a barrel. The price of April WTI oil futures went up by $1.58, reaching $104.17 a barrel.

On the global Forex market, EUR/USD hasn’t been able to hold above 1.38 so far.

Anna Gorenkova, NordFX Analyst

 

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