Markets Up, Oil Prices Drop

April 2, 2014

On Tuesday, trading finished mainly on the up. European stock indices closed as follows – the British FTSE 100 grew 0.82 percent up to 6,652.61 points, the German DAX gained 0.50 percent getting up to 9,603.71 points, and the French CAC 40 advanced 0.80 percent up to 4,426.72 points.

In Russia, the MICEX index grew 0.47 percent up to 1,375.73 points while the RTS index picked up 0.79 percent reaching 1,235.74 points.

In the USA, the Dow Jones advanced 0.46 percent up to 16,532.61 points, the S&P 500 grew 0.7 percent up to 1,885.52 points, and the NASDAQ hiked up by 1.64 percent stopping at 4,268.04.

However, the situation is contrary on the global commodity market. The price of May futures for the North Sea petroleum mix of mark Brent Crude Oil fell by $2.14, down to $105.62 a barrel. The price of May futures for light WTI oil went down by $1.84, making $99.74 a barrel.

On Forex, the picture remains unchanged.

Anna Gorenkova, NordFX Analyst

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