Financial Markets Daily

In the currency market

Euro: The euro fell for the fourth day in a row to close down 0.09 percent at 1.1837. Technically, the pivot point of the currency is at 1.1836, the initial resistance to the upward movement of the exchange rate is at 1.1882, further resistance is at 1.1912, and the key resistance is at 1.1958. The initial support is at 1.1806, further support is at 1.1760, and more critical support is at 1.1730.

Sterling: The pound rose against the DOLLAR for the first time in three days, gaining 0.08% to close at 1.3282. Technically, the pivot point of the currency is at 1.3293, the initial resistance to its upward movement is at 1.3344, further resistance is at 1.3407, and the key resistance is at 1.3458. Initial support for the lower exchange rate is at 1.3230, further support at 1.3179, and more critical support at 1.3116.

Yen: UsdJPY turned higher, closing up 0.06% at 106.23. Technically, the pivot point of the currency is at 106.24, the initial resistance to its upward movement is at 106.49, the further resistance is at 106.79, and the key resistance is at 107.04. Initial support for the lower exchange rate is at 105.94, further support is at 105.69, and more critical support is at 105.39.

The stock market

New York (Ap) — Wall Street extended its losses Friday: the Dow Jones Industrial Average closed down 159.42 points, or 0.6%, at 28,133.31. Its intraday plunge as much as 628.05 points, or 2.2 percent; The S&P 500 was off its lows late in the session, still down 0.8 per cent at 3,426.96. The Nasdaq Composite index fell 1.3% to 11,313.13.

London (Marketwatch) – European stocks fell on Friday as technology stocks suffered a second straight selloff. In Europe, the Stoxx 600 index closed down 4.15 points, or 1.13 percent, at 361.93. Germany’s DAX index closed down 215.11 points, or 1.65 percent, at 12,842.66. Britain’s FTSE 100 index closed down 51.78 points, or 0.88%, at 5,799.08. The Cac-40 index in France closed down 44.45 points, or 0.89%, at 4,965.07. Spain’s IBEX35 index closed down 17.00 points, or 0.24%, at 6989.00. Italy’s FTSE index closed down 160.23 points, or 0.83%, at 19391.25. In Europe, the Stoxx 50 index closed down 43.37 points, or 1.31%, at 3,260.85.

Commodity markets

Spot gold closed at $1,933.57 an ounce, up $3.36, or 0.17 percent, after touching as high as $1,943.90 an ounce and as low as $1,916.24 an ounce. This week, spot gold fell $30.94, or 1.57 percent.

COMEX gold futures for December delivery ended down 0.2 percent at $1,934.30 an ounce, down 2.1 percent on the week.

Oil prices fell sharply on Friday, with U.S. WTI crude for October delivery closed down $1.60, or nearly 4 percent, at $39.77 a barrel. Brent crude for November delivery fell $1.41, or 3.2 percent, to $42.66 a barrel. For the week, WTI crude is down 7.4% and cloth oil is down 5.3%, with both crude and cloth recording their biggest weekly losses since June.

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