Thursday Ended Mainly on a Positive Note

November 21, 2014

Yesterday world financial markets closed mainly on the rise, except for the European equity market. Due to the impact of corporate reports, European indices posted the following results – the British FTSE 100 fell 0.26 percent down to 6,678.90 points, the French CAC 40 dropped 0.75 percent down to 4,234.21 points whereas the German DAX 30 grew 0.12 percent finishing the trading day at 9,483.97 points.

In Russia, the MICEX index gained 0.82 percent going up to 1,530.40 points, and the RTS index advanced 1.88 percent up to 1,040.36 points.

In the USA, the Dow Jones Industrial Average grew 0.19 percent up to 17,719 points, the NASDAQ Composite gained 0.56 percent up to 4,701.87 points, and the S&P BMI added 0.2 percent reaching 2,052.75 points. The US equity got a boost from positive macroeconomic data – existing home sales went up, the number of first-time claims for state unemployment benefits decreased and is under 300,000 second moth running. Analysts consider it as a sign of improvement on the labor market.   

Yesterday oil prices also posted a rise. On the NYMEX, the price of December futures for Light Sweet Oil of mark WTI rose by $1 and finished the trading session at $75.58. The ICE price of futures for North Sea oil of mark Brent went up by $1.23 and reached $79.33 a barrel. 

Thursday’s news, however, had no bearing on EUR/USD movements on the global Forex market. The pair is still holding in the correction range. It’s a wait and see situation.  

Anna Gorenkova, NordFX Analyst

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