Stock indices traded mixed on rising oil prices. Oil prices increased on hopes that the oil market would rebalance and on a weaker U.S. dollar. The U.S. dollar declined on the weaker-than-expected U.S. economic data and ahead the release of the Fed’s interest rate decision tomorrow. Analysts expect the Fed to keep it monetary policy unchanged.
No major economic reports from the Eurozone will be released today.
According to a poll by opinion poll firm ICM released on Tuesday, 46% of respondents would vote for Britain’s exit from the European Union (EU), while 44% of respondents supported Britain’s membership in the EU.
The British Bankers’ Association (BBA) released the number of mortgage approvals in the U.K. on Tuesday. The number of mortgage approvals declined to 45,096 in March from 45,646 in February. February’s figure was revised down from 45,982.
“For households more widely, consumer credit continues to grow above real earnings growth, as improving consumer confidence and low interest rates combine to stimulate borrowing demand for personal loans, cards and overdrafts,” the chief economic advisor at the BBA, Dr Rebecca Harding, said.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,284.52 +23.60 +0.38 %
DAX 10,259.59 -34.76 -0.34 %
CAC 40 4,533.18 -12.94 -0.28 %
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