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Market Correction after Last Week’s Rise

NordFX

On the first workday of the week, the world’s financial markets closed mainly with a drop. The exception was Europe’s equity market – the FTSE grew 0.71 percent to 7,103.98 points, the DAX advanced 1.93 percent up to 12,039.16 points, and the САС 40 gained 1.3 percent reaching 5,268.91 points.

In Russia, the MICEX index fell 0.33 percent to 1,677.22 points, and the RTS index dropped 1.42 percent down to 1,022.78 points.

In the USA, the Dow Jones shed 0.23 percent down to 18,037.97 points, the S&P 500 fell 0.41 percent to 2,108.92 points, and the NASDAQ declined by 0.63 percent getting to 5,060.25 points.

Global oil prices also posted a drop. The NYMEX cost of WTI oil futures for June went down by $0.16 and reached $56.99 a barrel. On London’s ICE, the price of Brent oil futures for June was down by $0.45 and made $64.40 a barrel.

On the Forex market, EUR/USD is going up gradually. The pair is set to reach the upper boundary of the correction range at 1.0968 soon.

Anna Gorenkova

NordFX Analyst

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