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Stock Markets Closed on the Up

On Monday, the world’s stock markets finished trading on the rise. European indices posted the following results: Britain’s FTSE 100 grew 0.78 percent up to 6,741.25 points, Germany’s DAX advanced 1.68 percent up to 9,245.33 points, and France’s CAC 40 gained 1.35 percent getting up to 4,230.65 points.

In Russia, the MICEX index grew 0.52 percent up to 1,425.18 points while the RTS index added 0.91 percent and closed at 1,243.56 points.

In the USA, the Dow Jones advanced 1.06 percent up to 16,838.74 points, the S&P 500 gained 0.85 percent up to 1,971.74 points, and the NASDAQ grew 0.97 percent finishing at 4,508.31 points.

There’s an opposite situation on the global oil market. On the NYMEX, the price of the September WTI oil future dropped by $0.94, down to $96.41 a barrel while October futures went down by $1.57 reaching $93.75 a barrel. On London’s ICE, the price of the Brent oil future for October got lower by $1.93 and stopped at $101.60 a barrel. Market players’ sentiment is greatly influenced by successful advances of Iraqi troops against Islamic State militants with the support of US air strikes as well as by investors’ concerns that Europe’s demand for oil might decrease.

On the Forex market, EUR/USD is still holding at the same level.

Anna Gorenkova
NordFX Analyst

Tuesday, 19 Aug, 2014 / 10:23

Source :

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