Markets Rise, Albeit with Some Negativity

April 7, 2015

Yesterday world financial markets closed on the up. As such, on Russia’s floors, the MICEX index grew 1.14 percent up to 1,700.64 points, and the RTS index shot up by 4.4 percent altogether making 971.08 points. That was due to a sharp rise in oil prices.   

After the long weekend, oil futures went up noticeably. The NYMEX price of WTI oil futures for May rose by $3 and reached $52.14 a barrel. On London’s ICE, the cost of the Brent oil future for May increased by $3.17 and made $58.12 a barrel. The hike in oil prices has to do, among other things, with the fact that Saudi Arabia raised oil prices for Asian buyers.  

US equity also posted a rise – the Dow Jones grew 0.66 percent up to 17,880.85 points, the S&P 500 also advanced 0.66 percent up to 2,080.62 points, and the NASDAQ gained 0.62 percent getting to 4,917.32 points.

Nonetheless, there’s some negative data as well. Last Friday, figures for US non-farm jobs were published – the number of jobs increased by 126,000 whereas the forecast was a 245,000 increase.

On the Forex market, EUR/USD is going down again. However, the pair is still within the correction range.

Anna Gorenkova, NordFX Analyst

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