Trading news

Slump Slowed Down

Last Friday the slump on the world’s financial markets slowed down, and indices finished trading with mixed results. In Europe, the British FTSE 100 grew 1.26 percent up to 6,527.91 points, the German DAX fell 1.99 percent down to 9,195.68 points while the French CAC 40 added 0.92 percent closing at 4,281.74 points.

In Russia, the MICEX index grew 0.6 percent up to 1,384.66 points whereas the RTS index fell 0.27 percent down to 1,092.12 points.

The US stock market closed on the up – the Dow Jones advanced 1.24 percent up to 17,009.69 points, the S&P 500 gained 1.12 percent up to 1,967.90 points, and the NASDAQ Composite finished trading at 4,475.62 points having gone up by 1.03 percent.

American investors’ sentiments were influenced by positive macroeconomic data – the number of new non-farm jobs in the USA increased by 248,000, which is higher than predicted, while the jobless rate dropped to 5.9% from 6.1%.

On Friday the commodities market saw a price plunge. The NYMEX price of WTI oil futures for November went down by $1.27 making $89.74 a barrel. The ICE price of Brent oil futures for November delivery fell by $1.11 reaching $92.31 a barrel.

On Forex, the dollar continues to go up against other major currencies. Now the next target for EUR/USD may become 1.24.

Anna Gorenkova
NordFX Analyst

Monday, 06 Oct, 2014 / 9:41

Source :

Trading news

 

Danone Rallies On Sale News

Selling Stake in Chinese Dairy Firm Shares in French food group Danone are [...]

Posted on Monday, 01 Mar, 2021 / 3:40 under

End of the line for the Treasury yields rally?

Markets cheered the new developments for both European and North American [...]

Posted on Monday, 01 Mar, 2021 / 1:26 under

Gold Looking Awfully Weak

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex   On February 26th, the [...]

Posted on Monday, 01 Mar, 2021 / 11:34 under