Markets Went Up After Oil Prices

March 3, 2015

Yesterday world financial markets closed mainly on the rise due to the news from China. As of 1 March 2015, the People’s Bank of China lowered the key interest rate by 0.25%, down to 5.35%. The intention is to shore up economic growth and avert deflation. Markets reacted positively to this news as growth of the second world largest economy would lead to increased oil demand.
However, European equity was an exception to the general upward tendency – the British FTSE 100 fell 0.09 percent down to 6,940.64 points, the German DAX grew 0.08 percent up to 11,410.36 points while the French CAC 40 dropped 0.69 percent and finished the trading session at 4,917.32 points.
In Russia, the MICEX index advanced 1.39 percent up to 1,783.34 points, and the RTS index grew 0.77 percent up to 903.56 points.
In the USA, the Dow Jones added 0.86 percent getting to 18,288.63 points, the S&P 500 grew 0.61 percent up to 2,117.39 points, and the NASDAQ gained 0.9 percent making 5,008.10 points.
The NYMEX cost of WTI oil futures for April went up by $0.39 and reached $49.98 a barrel. On London’s ICE, the price of Brent oil futures for April rose by $0.88 and made $60.42 a barrel. Oil prices were also influenced by a decreased number of oil rigs in the USA – last week the number went down by 43 units or 3.28%, which implies a drop in supply on the oil market.
On the Forex market, EUR/USD is still making no headway.  

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

February 17, 2017
US dollar poised to end the weak on a bearish note
The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...
February 17, 2017
Brent remained rather unchanged
There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...
February 16, 2017
U.S. dollar remained near its fresh highs
After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

FOREX.com Rating
Vantage FX Rating
Cms Trader Rating
Grand Capital Rating
 FXTM Rating
FX Giants Rating

Banc De Binary Rating
Anyoption Rating
UKoptions Rating
TropicalTrade Rating
OptionRally Rating
24option Rating