Price Plunge as Markets Closed

October 9, 2014

Yesterday world financial markets closed in the red zone due to concerns about deceleration in economic development and the IMF’s lowering of its outlook for global economic growth. The IMF expects the world’s economy to grow by 3.3% in 2014 and by 3.8% in 2015 whereas the previous forecast was 3.4% and 4% respectively.

In Europe, the British FTSE 100 fell 0.21 percent down to 6,482.24 points, the French CAC 40 dropped 0.97 percent down to 4,168.12 points, and the German DAX 30 shed 1 percent finishing the trading session at 8,995.33 points.

On the Russian floor, the MICEX index fell 1.69 percent down to 1,379.76 points, and the RTS index slumped by 2.19 percent closing at 1,082.59 points.

On US floors, the Dow Jones shed 1.60 percent down to 16,719.39, the S&P 500 dropped 1.51 percent down to 1,935.10 points while the NASDAQ fell 1.56 percent making 4,385.20 points in the end.  

On the NYMEX, the WTI oil future for November went down sharply by $1.54 reaching $87.31 a barrel. The ICE price of Brent oil futures for November delivery got lower by $0.73 and made $91.38 a barrel.  

On the Forex market, EUR/USD is on the rise. It’s worth mentioning that the gap from August 25th hasn’t been closed yet.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...
February 24, 2017
Dollar falls as peso and gold rally
The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...
February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...

FXCM Rating
Larson&Holz IT Ltd Rating
OctaFX Rating
FIBO Group Rating
Cms Trader Rating
Orbex Rating

Binary.com Rating
Banc De Binary Rating
First Binary Option Service Rating
Migesco Rating
Dragon Options Rating
OptionFair Rating