US Markets Bounce, Euro Markets Down On IMF Moves

After two losing days, the U.S. market bounced and ended the trading session in positive territory. The Dow Jones Industrial Average index added 0,06% and finished the trading session at 16256,14 points, the S&P 500 rose by 0,38% to the level of the 1851,96 points, while the index of high-tech companies, Nasdaq, increased by 0,81% and was closed at 4112,99 points.

In the meantime, the European trading session was influenced by the news coming from the IMF and indices closed the trading day in red territory. The British FTSE 100 lost 0,49%, the French CAC 40 decreased by 0,25%, while Germany's DAX was down by 0,21%. The Regional indicator STXE 600 decreased, in turn, by 0,3% and was closed at a level of 333,85 points.

Yesterday, the International Monetary Fund presented updated projections for global growth for 2014 and 2015, having decreased the world GDP this year to the level of 3,6%, the last projections were based on the level of 3,7%. The outlook for global growth in 2015 dropped from 4% to 3,9%. The main reason for the revision was a slowdown in the economy in countries such as Russia and Brazil.

The geopolitical factor on the conflict between Russia and Ukraine at the current moment only positively affects quotations of oil, giving it support due to speculation regarding the transportation of raw materials from Russia to the EU. This morning, oil dropped slightly back from the levels that had been reached, and is traded on $107,19 per barrel on Brent Oil, and $101,39 on WTI, decreasing by 0,40% and 0,41% accordingly.

Gold is up by 0,11%, traded on a price of $1310,50 per troy ounce, and Silver is losing 0,63%, and is traded on a level of $19,93 per troy ounce.

Today, investors attention may be attracted to the protocol of the last meeting of FOMC, which shows the growing number of supporters of a faster increase of the rates, or at least a more detailed discussion of the labor market potentials and risks to financial stability. If either are discussed,this could potentially return interest to the U.S. currency.