Equity Slump Slowed Down, Dollar Correcting

October 17, 2014

Yesterday the equity slump slowed down a little, however, the downward trend continues. European indices kept going down in light of Eurozone inflation data – Britain’s FTSE 100 fell 0.83 percent down to 6,160.16 points, Germany’s DAX 30 shed 0.49 percent down to 8,530.12 points, and France’s CAC 40 dropped 0.54 percent finishing the trading session at 3,918.62 points.

On the Russian floor, the MICEX index fell 1.22 percent down to 1,360.33 points, and the RTS index slumped 2.04 percent reaching 1,045.23 points.

In the United States, the Dow Jones fell 0.15 percent down to 16,117.24 points, the S&P 500 closed at 1,862.76 points adding 0.01 percent, while the NASDAQ Composite grew 0.05 percent closing the day at 4,217.39 points.

On the NYMEX, the price of November WTI oil futures rose by $0.92 and made $82.70 a barrel. On the ICE, the price of Brent oil futures for November went up by $0.69, ending up at $84.47 a barrel.

On the Forex market, EUR/USD carries on with its upward correction.

Anna Gorenkova, NordFX Analyst

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