Thursday Ended Mainly on a Positive Note

21 November, 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


Source link  
Which Currency Will Come Out on Top: US Dollar or Yen?

USDJPY currency pair is among the top five most popular pairs either in Forex market or when trading binary options, therefore not only governors of the central banks and managers of the hedge funds, but also millions of private traders around the world care for its future...

Oil Price Hike: To Be or Not to Be?

In 1870, John D. Rockefeller founded the Standard Oil Company that became the largest monopoly in the petroleum industry. After 135 years, in the fall of 2014, Rockefeller's heirs called off their investments in fossil fuels. They explained the decision by the fact that clean renewable energy was phasing out oil-based wealth...

HSBC Shares: Perspectives for 2016

HSBC is a major multinational financial organization that lends services to over 48 million customers throughout the world. The group has 6,100 offices in 72 countries and territories across Europe, Asia, the Middle East as well as North and Latin America...


EUR/USD Reached 1.12 Rate

Yesterday world financial markets closed mixed. In Europe as such, the British FTSE 100 grew 0.12 percent to 6,968.87 points, the German DAX advanced 1.29 percent up to 11,594.28 points, and the French CAC 40 gained 0.37 percent up to 5,012.31 points...

Oil Price Continue to Fall

Yesterday world financial markets posted mixed results. In Europe, the British FTSE 100 grew 0.34 percent to 6,973.04...

Drop in European Equity Due to Greek Situation

Yesterday world financial markets closed mixed. In particular, European stock markets slumped following the interim meeting of the Eurogroup and the Greek government...


A Slight Hike on Markets

On Monday, the world’s financial markets closed mainly on the rise, with the exception of the commodity market where the price...

Markets Are on the Up Again

Yesterday world financial markets closed on the rise for the most part. In Europe, the FTSE...

Decline for All Markets

Last Friday the world’s financial markets closed with a slump due to China's crackdown on margin trading...

  


Share: