One-off Rise Yesterday

October 21, 2014

Yesterday most of the world’s financial markets posted a drop in rates again. As such in Europe, the British FTSE 100 fell 0.68 percent down to 6,267.07 points, the German DAX slumped 1.50 percent down to 8,717.76 points, and the French CAC 40 shed 1.04 percent reaching 3,991.24 points.

There were no grounds for a rise in Russia either – the rouble is getting weaker against the dollar again, and Moody’s lowered Russia’s credit rating. This resulted in the MICEX index falling 0.60 percent down to 1,376.36 points and the RTS index shedding 1.51 percent down to 1,056.71 points.

In the USA, the Dow Jones Industrial Average grew 0.12 percent up to 16,399.67 points, the NASDAQ Composite advanced 1.35 percent closing at 4,316.07 points, and the Standard & Poor’s 500 gained 0.91 percent making 1,904.01 points.

On the NYMEX, the price of WTI oil futures for November went down by $0.04 and reached $82.71 a barrel. On London’s ICE, the Brent oil future for December got lower by $0.76 and closed at $85.14 a barrel.

On the Forex market, EUR/USD continues its correction.

Anna Gorenkova, NordFX Analyst

 

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