Markets Closed in the Red Zone

May 12, 2014

Last Friday world financial markets finished trading mainly with a slump. As such, in Europe, the British FTSE 100 fell 0.36 percent down to 6,814.57 points, the French CAC 40 dropped 0.66 percent down to 4,477.28 points, and the German DAX shed 0.27 percent going down to 9,581.45 points.

The US stock market became the exception – the Dow Jones grew 0.20 percent up to 16,583.34 points, the S&P 500 picked up 0.15 percent making 1,878.48 points, and the NASDAQ advanced 0.50 percent up to 4,071.87 points.

On the global commodity market, the IСE Futures Europe saw the price of Brent oil lower by $0.15, down to $107.89 a barrel. The NYMEX price of WTI oil fell $0.27 and reached $99.99 a barrel.

On the Forex market, EUR/USD also went down sharply. Now the pair is the support level of 1.3760. However, 1.37 can be considered as a more solid support level.

Anna Gorenkova, NordFX Analyst

 

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