Further Sells by Market Players

August 8, 2014

Yesterday world financial markets closed in the red zone. In Europe, the British FTSE 100 fell 0.58 percent down to 6,597.37 points, the German DAX shed 1 percent down to 9,038.97 points, and the French CAC 40 dropped 1.36 percent going down to 4,149.83 points.

Russian indices are falling again – the MICEX shed 0.08 percent down to 1,333.53 points, and the RTS index dropped 0.25 percent down to 1,157.97 points. This tendency will continue as it’s linked to the geopolitical situation, in particular to import restrictions for goods from those countries that introduced sanctions against Russia.  

The American Dow Jones fell 0.46 percent down to 16,368.27 points, the NASDAQ lost 0.46 percent getting down to 4,334.97 points, and the S&P 500 closed with a 0.56% drop making 1,909.57 points.

On Thursday, the commodities market posted upward rates: the NYMEX price of the September WTI oil future rose by $0.42 – up to $97.34 a barrel while London’s ICE saw the September Brent oil future go up by $0.85 and stop at $105.44 a barrel.

On the Forex market, EUR/USD remains at the same level thus far. There are no signals for entering the market.

Anna Gorenkova, NordFX Analyst

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