Russian Equity Slumps along Oil Prices

November 12, 2014

On Tuesday, world stock markets closed on the up, with the exception of Russia’s equity market. In Europe, in particular, Britain’s FTSE 100 added 0.24 percent finishing trading at 6,627.40 points, France’s CAC 40 grew 0.5 percent up to 4,244.10 points, and Germany’s DAX 30 gained 0.18 percent reaching 9,369.03 points.

As the price of oil dropped to the level of 2010, the MICEX index shed 0.1 percent down to 1,514.78 points and the RTS index slumped 1.58 percent down to 1,028.95 points.

In the USA, the Dow Jones grew 0.01 percent up to 17,614.90 points, the S&P 500 picked up 0.07 percent making 2,039.68 points, and the NASDAQ advanced 0.19 percent up to 4,660.56 points.

On London’s stock exchange, the Brent oil future went down by $1.09 reaching $81.25 a barrel. On the New York Mercantile Exchange, the WTI oil future declined by $0.11 down to $77.29 a barrel. The drop to a new low has to do with the announcement by the UAE Energy Minister that OPEC won’t lower its oil output target. The decision was influenced by an increase in demand in the US.

On the Forex market, EUR/USD is still holding at the same level as yesterday. The pair is starting a new movement.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

FXCM Rating
EXNESS Rating
FBS Rating
Trade360 Rating
Grand Capital Rating
FOREX.com Rating

EZTrader Rating
Beeoptions Rating
UKoptions Rating
IQ Option Rating
OptionTrade Rating
GTOptions Rating