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

 

Where is the end to oil uptrend?

Oil continues to trade in the mid-term uptrend, constantly updating new yearly [...]

Posted on Thursday, 18 Apr, 2019 / 1:27 under

USD: US Dollar rallies against weak JPY

Last week's trading was fairly calm, especially concerning US data. The [...]

Posted on Thursday, 18 Apr, 2019 / 9:09 under

AETOS Market Commentary 18/04/2019

  EUR/USD EUR strengthened on Wednesday on the back of [...]

Posted on Thursday, 18 Apr, 2019 / 8:00 under