
Can the Bank of Canada pull off a ‘cautious’ tapering?
· Bank of Canada likely to scale down its vast QE program today [...]
Yesterday the world’s financial markets closed mainly on the rise, with the exception of Russia’s stock market.
Trading in Europe resulted in the following rates: Britain’s FTSE 100 grew 0.84 percent up to 6,746.14 points, Germany’s DAX advanced 1.21 percent up to 9,783.01 points, and France’s CAC 40 gained 0.78 percent and stopped at 4,350.04 points.
As for Russia, the MICEX index fell 1.09 percent down to 1,483.41 points while the RTS index shed 1.54 percent finishing the day at 1,361.89 points.
In the USA, the Dow Jones Industrial Average grew 0.66 percent up to 17,055.42 points, the Standard & Poor's 500 gained 0.48 percent up to 1,977.10 points, and the NASDAQ Composite added 0.57 percent stopping at 4,440.42 points.
On the New York Mercantile Exchange (NYMEX), the price of WTI oil rose by $0.08 and made $100.91 a barrel. On the ICE Futures Europe, the cost of Brent oil went up by $0.32 reaching $106.98 a barrel.
On the Forex market, the situation remains the same – EUR/USD is making no headway.
Anna Gorenkova
NordFX Analyst
Tuesday, 15 Jul, 2014 / 8:40
Can the Bank of Canada pull off a ‘cautious’ tapering?
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