Correction Continues

June 25, 2014

Yesterday the world’s financial markets closed mixed. As such, in Europe, the British FTSE 100 fell 0.20 percent down to 6,787.07 points, the German DAX grew 0.17 percent up to 9,938.08 points, and the French CAC 40 added 0.06 percent reaching 4,518.34 points.

In Russia, the MICEX index advanced 2.15 percent up to 1,518.25 points and the RTS index – 3.61 percent up to 1,418.51 points.

In the United States, the Dow Jones Industrial Average fell 0.7 percent down to 16,818.13 points, the NASDAQ shed 0.42 percent down to 4,350.35 points, and the S&P 500 BMI dropped 0.64 percent getting to 1,949.98 points.

The NYMEX price of WTI Light Sweet oil went down by $0.14 and made $106.03 a barrel. On the ICE Futures Europe, the price of Brent oil rose by $0.34 and reached $114.46 a barrel.

On the Forex market, EUR/USD is holding at the same level and experiencing a further correction.

Anna Gorenkova, NordFX Analyst

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