Rise on Markets as Fed Report Released

18 December, 2014

Most of the world’s financial markets finished mid-week trading in the black. As such in Europe, while awaiting the results of the Federal Reserve’s meeting, the British FTSE 100 grew 0.07 percent up to 6,336.48 points, the French CAC 40 advanced 0.46 percent up to 4,111.91 points but the German DAX fell 0.2 percent down to 9,544.43 points.

The Russian market is still going up and down – yesterday the MICEX index dropped 2.11 percent down to 1,413.79 points while the RTS index shot up by 14.16 percent closing at 718.26 points.

US stock indices were on the rise as reports on the Federal Reserve’s meeting results and Fed Chief Janet Yellen’s speech were being released. In its announcement about the key interest rate, the Federal Reserve didn’t use the usual ‘extended period’ any more. Instead, it called for patience. Besides, Yellen indirectly confirmed that the Federal Reserve would consider raising the interest rate already in the middle of 2015. All these factors were taken by market players as proof of economic growth in the USA.

As a result, the Dow Jones added 1.69 percent closing at 17,356.87 points, the S&P 500 dropped 2.04 percent down to 2,012.89 points while the NASDAQ grew 2.12 percent up to 4,644.31 points.

The NYMEX price of the WTI oil future for January rose by $0.54 and made $56.47 a barrel. On London’s ICE, the price of Brent oil futures for February delivery went up by $1.17 and reached $61.18 a barrel.

On the Forex market, the dollar gained quite a bit of ground against the euro. However, EUR/USD didn’t manage to break out of the current 1.2565 – 1.2245 correction range. Nothing drastic has happened there so far.

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: