Tuesday, December 16, 2014

Global markets fall dragged by oil and … – Financial Journal

Global markets fall dragged by oil and … – Financial Journal

Diario Financiero Online

Global markets were affected by a volatile session after its first operations in most operate in the red. This trend changed for bags of Europe, but Wall Street failed to overcome the negative numbers.

The session on Tuesday was the new fall in oil prices and its impact on Russia as well as the disappointing figures for manufacturing activity in China.

All this, a day on the outcome of the meeting of the Federal Reserve of the United States, which should give signals on the evolution of monetary policy and macroeconomic data the north country.

Wall Street

The New Yorkers shares closed lower, mainly affected by the negative macroeconomic data that met today in the United States .

So, the Dow Jones Industrial Average fell 0.65% to 17068.87 points, while the S & P 500 gave up 0.85% and touched 1972.74 integers. The Nasdaq, meanwhile, led the setbacks of the day with 1.24% and fell to 4547.84 units.

The US macroeconomic agenda had as its backdrop the data permits construction- indicating futura- activity fell 5.2% to 1.035 million in November, while the market estimated 1.065 million. To this, the manufacturing PMI world’s largest economy, which reached 53.7 points in December, its lowest level in eleven months.

Europe Bags added

In Europe, the concentrated gaze Russia due to a possible default. The Central Bank of that country rose from 10.5% to 17% interest rates to slow the fall of the ruble. However, this increase, the highest since 1998, did not stop the flight of investors that square that fell 12%, while the ruble suffered a setback of 10%.

Nevertheless the squares of Old Continent rebounded and closed with gains of more than 3%, led by Milan FTSE MIB, which rose 3.27%, while London’s FTSE 100 rose 2.41% to 6331.83 points.

Meanwhile the DAX rallied 2.46, partly after the good figures for investor confidence in Germany. Meanwhile, the Paris CAC 40 climbed 2.19% and the Madrid IBEX 35 experienced an increase of 1.80% and touched 10,081.9 units.

It should be noted that today also met the manufacturing sector in the euro area ended the year with a slight improvement since the index stood at 51.7 points in December, up from 51.5 points the previous month, which was the lowest level in 16 months, according to Markit.

Oil

Investors also kept an eye on oil prices, which also suffered from volatility. Finally, the price of a barrel of Brent broke today a new barrier to its collapse. At the end of the session, benchmark crude in Europe reduced their fall and ended down 1.35% to US $ 58.51 a barrel, a level not seen since Monday 13 July, 2009.

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