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Continuing Crash on Stock and Commodities Markets

Last Friday the world’s financial markets saw major indices slump again. In Europe, due to a decline in economic indicators in the region, the British FTSE 100 fell 1.43 percent down to 6,339.97 points, the French CAC 40 dropped 1.64 percent down to 4,073.71 points, and the German DAX 30 shed 2.4 percent finishing the trading session at 8,788.81 points.

On the Russian floor, as oil prices generally continue to go down, the MICEX index fell 1.45 percent down to 1,364.24 points while the RTS index plunged 2.25 percent down to 1,064.29 пункта.

In the USA, the Dow Jones dropped 0.69 percent down to 16,544.10 points, the S&P 500 BMI declined 1.15 percent closing at 1,906.13 points, and the NASDAQ Composite fell 2.33 percent down to 4,276.24 points.

The NYMEX price of WTI oil futures for November rose by $0.05, up to $85.82 a barrel. On London’s ICE, the price of Brent oil futures for November delivery went up by $0.16 and made $90.21 a barrel.

On the global currency market, EUR/USD is so far holding at about the same level while correcting in the range of 1.2780-1.2510.

Anna Gorenkova
NordFX Analyst

Monday, 13 Oct, 2014 / 9:04

Source :

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