European indices closed with a drop

January 28, 2015

There was no common trend on the world’s trading floors on Tuesday. European indices closed with a drop – the FTSE 100 fell 0.6 percent down to 6,811.61 points, the DAX shed 1.57 percent down to 10,628.58 points, and the CAC 40 declined by 1.09 percent making 4,624.21 points.

There was an upbeat mood on the Russian market despite the fact that S&P had downgraded Russia’s credit rating. As such, the MICEX index grew 1.92 percent up to 1,673.92 points, and the RTS index added 0.28 percent reaching 783.53 points.

US indices went down due to weak corporate reports and mixed macroeconomic data. The Dow Jones Industrial Average fell 1.65 percent closing at 17,387.21 points, the S&P 500 BMI fell 1.34 percent down to 2,029.55 points, and the NASDAQ dropped 1.89 percent down to 4,681.50 points.

On the NYMEX, the cost of WTI oil futures for March rose by $1.08 and made $46.23 a barrel. On London’s ICE, the price of the Brent oil future for March delivery went up by $1.44 and reached $49.60 a barrel. The oil market got a boost after OPEC Secretary-General Abdullah al-Badri said that the price of oil could possibly hike up to $200 a barrel provided there are no investments in oil production for quite a while.

On the Forex market, EUR/USD carries on with its upward correction.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

XM Rating
Fort Financial Services Rating
FIBO Group Rating
FXCM Rating
Vantage FX Rating
Z.com Trade Rating

Beeoptions Rating
OptionBit Rating
OptionRally Rating
OptionFair Rating
365BinaryOption Rating
Binary Brokerz Rating