A Slight Hike on Markets

May 5, 2015

On Monday, the world’s financial markets closed mainly on the rise, with the exception of the commodity market where the price of oil dropped a little.   

In Europe as such, the British FTSE 100 grew 0.36 percent to 6985.95 points on Friday. On Monday, there was no trading on the London exchange due to a holiday. Also on Monday, the German DAX 30 advanced 1.57 percent up to 11,634.34 points, and the French CAC 40 gained 0.84 percent reaching 5,088.82 points.

European investors’ sentiment was influenced by the news about an interim agreement between Greece and its lenders.   

The Russian market was closed for May Day holidays on Monday.

In the USA, the Dow Jones grew 0.26 percent to 18,070.40 points, the S&P 500 gained 0.29 percent up to 2,114.49 points, and the NASDAQ added 0.23 percent getting to 5,016.93 points.

Oil prices, however, posted a slight drop yesterday. The NYMEX price of WTI oil futures for June went down by $0.22 and reached $58.93 a barrel. On London’s ICE, the cost of Brent oil futures for June delivery was down by $0.01 ending up at $66.45 a barrel.

On the Forex market, EUR/USD is returning to the breakthrough point in the double bottom pattern on the daily chart. The pair may start moving up again from 1.0970.

Anna Gorenkova, NordFX Analyst


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