Stock indices traded mixed on lower oil prices. Oil prices fell on concerns that a deal on the freeze of the oil output would not reached at the meeting between OPEC and non-OPEC countries in Doha on April 17. The International Energy Agency (IEA) said on Thursday that a deal on the freeze of the oil production would not balance the oil market.
Market participants also eyed the economic data from the Eurozone. Eurozone’s harmonized consumer price index rose 1.2% in March, in line with expectations, after a 0.2% increase in February.
On a yearly basis, Eurozone’s final consumer price inflation increased to 0.0% in March from -0.2% in February, up from the preliminary reading of -0.1%.
Restaurants and cafés prices were up 0.12% year-on-year in March, rents increased by 0.07%, package holidays rose by 0.09%, fuel prices for transport declined by 0.60%, heating oil prices decreased by 0.23%, while gas prices were down by 0.10%.
Eurozone’s final consumer price inflation excluding food, energy, alcohol and tobacco climbed to an annual rate of 1.0% in March from 0.8 in February, in line with the preliminary reading.
The Bank of England (BoE) will release its interest rate decision later in the day. Analysts expect the central bank to keep its monetary policy unchanged.
Current figures:
Name Price Change Change %
FTSE 100 6,359.5 -3.39 -0.05 %
DAX 10,054.46 +28.36 +0.28 %
CAC 40 4,488.59 -1.72 -0.04 %
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