Trading news

Markets Closed Mixed Last Friday

Last Friday trading on world financial markets produced mixed results. European stock markets finished the day in the red zone – Britain’s FTSE 100 fell 0.47 percent down to 6,388.73 points, Germany’s DAX 30 dropped 0.66 percent down to 8,987.80 points, and France’s CAC 40 shed 0.69 percent going down to 4,128.90 points.

Downbeat sentiments were caused by the fact that the results of the stress tests of European banks, which were to be published on Sunday, weren’t reassuring. Preliminary figures indicated that 25 eurozone banks would fail the test. These results were confirmed 26 October.

Russian equity posted some growth – the MICEX index advanced 0.54 percent up to 1,380.39 points, and the RTS index gained 0.07 percent up to 1,036.68 points.

Thanks to positive data for new home sales, US stock indices rose somewhat – the Dow Jones Industrial Average grew 0.76 percent up to 16,805.41 points, the Standard & Poor's 500 advanced 0.71 percent up to 1,964.58 points while the NASDAQ Composite added 0.69 percent reaching 4,483.72 points.

Last Friday, the commodity market experienced a drop in prices – the NYMEX price of WTI oil futures for December went down by $1.08 making $81.01 a barrel, and the ICE price of Brent oil futures for December delivery dropped by $0.70 down to $86.13 a barrel.

On the global Forex market, EUR/USD is staying in the middle of the correction range of 1.2510-1.2850. Traders are waiting for new impetuses to buy dollars.

Anna Gorenkova
NordFX Analyst

Monday, 27 Oct, 2014 / 10:11

Source :

Trading news

 

US PPI Rises Slower In June

Producer prices data from the US released on Friday saw a slower pace of [...]

Posted on Monday, 15 Jul, 2019 / 12:39 under

COT: Speculators cut longs in oil and gold; Record copper short

The weekly Commitments of Traders (CoT) reports covering the week to July 9. [...]

Posted on Monday, 15 Jul, 2019 / 9:09 under

Oil prices grow by 5% on tropical storm

Oil shows strong growth this week. Bulls managed to get over the level of [...]

Posted on Monday, 15 Jul, 2019 / 8:38 under