Overall Decline Continues

August 6, 2014

On Tuesday, the world’s financial markets closed mainly with a fall. Only the European market, due to more favorable corporate reports than expected by analysts, broke a series of slumps: Britain’s FTSE 100 grew 0.07 percent up to 6,682.48 points, Germany’s DAX advanced 0.39 percent up to 9,189.74 points, and France’s CAC 40 gained 0.37 percent closing at 4,232.88.

Russia’s MICEX index fell 1.53 percent down to 1,357.89 points and the RTS index – 1.72 percent down to 1,191.37 points.

Yesterday in the United States, the Dow Jones dropped 0.84 percent down to 16,429.84 points, the S&P 500 shed 0.97 percent down to 1,920.21 points, and the NASDAQ fell 0.71 percent down to 4,352.84 points.

The NYMEX price of September WTI oil futures went down by $0.91 making $97.38 a barrel. On London’s ICE, the price of Brent oil futures for September got lower by $0.80 reaching $104.61 a barrel.

On the Forex market, EUR/USD is holding around 1.3380 so far.

Anna Gorenkova, NordFX Analyst

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