Trading news

Upbeat Mood on Oil Market

Yesterday world financial markets closed mainly on the up following rising oil prices. In Europe, the FTSE 100 grew 0.09 percent up to 6,865.93 points, the DAX shed 0.05 percent down to 10,905.41 points while the САС 40 added 0.15 percent reaching 4,703.30 points.

In Russia, the MICEX index advanced 2.42 percent up to 1,696.06 points, and the RTS index shot up by 4.4 percent making 804.50 points.

In the United States, the Dow Jones grew 1.16 percent up to 17,878.84 points, the S&P 500 BMI gained 1.02 percent up to 2,062.30 points, and the NASDAQ added 1.03 percent getting to 4,765.10 points.

There were some serious factors that led to a rise in prices. Yesterday militants captured an oil field in Libya. Besides that, the People’s Bank of China cut the mandatory reserve ratio for banks by 0.5% in a bid to stimulate economic activity. Thus, the NYMEX cost of WTI oil futures for March went up by $2.03 and made $50.48 a barrel. On London’s ICE, the price of Brent oil futures for March delivery rose by $2.41 and reached $56.57 a barrel.

On the Forex market, EUR/USD is holding within the same range (1.1550-1.1097) so far.

Anna Gorenkova
NordFX Analyst

Friday, 06 Feb, 2015 / 10:58

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

USD/JPY Breaks Through Key Resistance To 7-Month Highs

Mystery virus poses a threat to the Chinese economy and the Phase One trade [...]

Posted on Wednesday, 22 Jan, 2020 / 12:35 under

Don’t fear the virus; BoC rate decision in sight

  BoC to stay on hold, but any hints of concern might elicit sharp [...]

Posted on Wednesday, 22 Jan, 2020 / 9:46 under

Pound Gains on Jobs Data, Awaits PMIs; BoC Decision in the Spotlight

Asian equities rebounded today after China’s National Health Commission [...]

Posted on Wednesday, 22 Jan, 2020 / 8:36 under