Mixed Equity Trends by Weekend

November 10, 2014

On the last day of the previous trading week, the world’s financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.25 percent up to 6,567.24 points, the German DAX dropped 0.91 percent down to 9,291.83 points, and the French CAC 40 fell 0.89 percent down to 4,189.89 points.

In Russia, the MICEX index shed 0.02 percent down to 1,497.11 points, and the RTS index fell 0.94 percent down to 1,007.68 points.

In the United States, the Dow Jones grew 0.11 percent up to 17,573.03 points, the S&P 500 picked up 0.03 percent making 2,031.92 points whereas the NASDAQ dropped 0.13 percent down to 4,632.53 points.

On the NYMEX, the price of WTI oil futures for December rose by $0.74 reaching $78.65 a barrel. On London’s ICE, the Brent oil future went up by $0.53 making $83.39 a barrel.

On the Forex market, EUR/USD moved upwards, thus creating a new low. At this point, judging from traders’ sentiments, it’s not clear whether it’s a correction after the slump or a trend reversal. In the latter case, the pair’s next target would be a 1.2670 low.

Anna Gorenkova, NordFX Analyst

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