Further Decline in Markets

December 15, 2014

Last Friday the world’s financial markets experienced a further slump. As such in Europe, the British FTSE 100 dropped 2.49 percent down to 6,300.63 points, the French CAC 40 fell 2.77 percent down to 4,108.93 points, and the German DAX 30 shed 2.72 percent finishing the trading session at 9,594.73 points.

Russian equity posted varied results – the MICEX index grew 0.32 percent up to 1,459.68 points whereas the RTS index plunged by 3.01 percent down to 799.18 points.

On the US stock market, the day finished with a drop in equity – the Dow Jones fell 1.3 percent down to 17,367.62 points, the S&P 500 BMI shed 1.04 percent down to 2,014.19 points, and the NASDAQ dropped 0.66 percent down to 4,677.20 points.

On the NYMEX, WTI oil futures for January went down by $2.14 and made $57.81 a barrel. On London’s ICE, January futures for oil of mark Brent slumped by $1.83 and reached the price of $61.85 a barrel.  

On the Forex market, EUR/USD is on the rise. Nevertheless, the pair has been unable to get over 1.2510 so far, which is a recent strong level on the daily chart.

Anna Gorenkova, NordFX Analyst

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