Buying Trend Continues

December 19, 2014

Yesterday world stock markets were on the up with one accord due to the results of the Federal Reserve’s meeting. In Europe, the British FTSE 100 grew 2.04 percent up to 6,466 points, the French CAC 40 advanced 3.35 percent up to 4,249.49 points, and the German DAX gained 2.79 percent going up to 9,811.06 points.

On the Russian equity market, the MICEX index grew 4.49 percent making 1,477.27 points while the RTS index hiked up by 6.5 percent getting to 764.96 points. Russia’s market got a boost from a 3-hour long annual press conference by Russian President Vladimir Putin as well.  

US stock indices posted a noticeable rise – the Dow Jones added 2.43 percent closing at 17,778.15 points, the S&P 500 advanced 2.4 percent up to 2,061.23 points, and the NASDAQ grew 2.24 percent up to 4,748.40 points.

At the same time, oil prices went down yesterday. On the NYMEX, the price of WTI oil futures for January dropped by $2.36 making $54.11 a barrel. On London’s ICE, the price of Brent oil futures for February got lower by $1.91 and reached $59.27 a barrel.

On the Forex market, EUR/USD continues to go down to the lower boundary of the correction range.

Anna Gorenkova, NordFX Analyst

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