Markets Up, Euro Down

May 13, 2014

Yesterday world financial markets closed predominantly with a rise of major indices. European indices finished trading as follows – Britain’s FTSE grew 0.55 percent up to 6,851.75 points, Germany’s DAX 30 advanced 1.26 percent up to 9,702.46 points, and France’s CAC 40 added 0.37 percent going up to 4,493.65 points.

The Russian MICEX index grew 0.28 percent up to 1,375.31 points and the RTS index – 0.12 percent up to 1,234.31 points.

In the United States, the Dow Jones gained 0.68 percent making 16,695.47 points, the S&P 500 grew 0.97 percent up to 1,896.65 points, and the NASDAQ picked up 1.77 percent reaching 4,143.86 points.

Yesterday the world’s commodity exchanges saw oil prices hike up. As such, the ICE price of Brent oil rose by $0.52, up to $108.41 a barrel. The NYMEX price of Light Sweet oil went up by $0.6 making $100.59 a barrel.

On Forex, EUR/USD keeps moving towards 1.37.

Anna Gorenkova, NordFX Analyst

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