Analysis and Opinion »

Varied Market Trends Continued

NordFX NordFX
Share on StockTwits
Published on
www.NordFX.com

Last Friday world financial markets closed in the red. The exception was the Russian market where equity went up on the heels of rising oil prices.

In Europe, due to weak reports from Germany, the British FTSE 100 fell 0.18 percent to 6,853.44 points, the French CAC 40 dropped 0.26 percent down to 4,691.03 points, and the German DAX shed 0.54 percent getting to 10,846.39 points. According to the released data, Germany’s industrial production growth turned out to be smaller – 0.1% instead of 0.4% as analysts expected. Besides that, Siemens announced that it would cut almost 8,000 jobs (2% of the total company employees). Moreover, the S&P rating agency downgraded Greece’s long-term credit rating from B to B-.

On Russia’s floors, the MICEX index advanced 3.5 percent up to 1,755.45 points, and the RTS index grew 2.72 percent up to 826.40 points.

In the USA, the Dow Jones fell 0.34 percent down to 17,824.29 points, the S&P 500 BMI also shed 0.34 percent down to 2,055.47 points, and the NASDAQ dropped 0.43 percent down to 4,744.40 points.

The NYMEX price of WTI oil futures for March went up by $1.32 and made $51.80 a barrel. On London’s ICE, the price of March futures for oil of mark Brent rose by $1.58 and reached $58.15 a barrel.

On the Forex market, EURUSD is staying within the same range for now.

Anna Gorenkova
NordFX Analyst

Share on StockTwits