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

 

The USD Remains Under Pressure

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex   EURUSD continues [...]

Posted on Monday, 24 Jun, 2019 / 11:50 under

Weekly Outlook: June 24 – June 28: G20 Summit Takes Center Stage, RBNZ Decision Also in Focus

This week, market participants are likely to be sitting on the edge of their [...]

Posted on Monday, 24 Jun, 2019 / 7:00 under

Oil added almost 5% against the backdrop of the possible conflict in Middle East

Brent crude has got over the important mark of $65 per barrel and added about [...]

Posted on Friday, 21 Jun, 2019 / 3:58 under