Most European stock indexes traded in negative territory, amid falling prices for oil and metals after the publication of strong data from the US labor market. In addition, investors are showing caution in anticipation of today’s meeting of the European Central Bank. During the meeting, financial officials will talk about monetary policy, taking into account inflation in the euro-zone to a target level of 2%. According to most analysts, Mario Draghi will try to keep the program to stimulate the market at the current level until the end of this year. The decision on interest rates of the ECB will be announced at 12:45 pm London time, and in another 45 minutes Mario Draghi will hold a press conference. Last night, the European Anti-Fraud Office (OLAF) reported that the UK owed the EU about 2 billion euros. Debts were formed as a result of unfair operations with customs duties in respect of goods from China, whose prices were deliberately lowered. Now the European Commission must decide on the financial claims to London. Recent US data on crude oil reserves and production has led to a significant decline in oil prices. Government data released Wednesday showed that US crude stocks reached record levels last week. At the same time, domestic production reached its highest level in more than a year. US domestic reserves are currently 528.4 million barrels. New survey data on the eve of elections in France showed that the independent presidential candidate of France, Emmanuel Macron, became the leader of the first round. According to political analysts, this was made possible by attracting votes of supporters of the socialists to their side. Now 26% of voters are ready to vote for Macron, while only 25% of voters are for Marine Le Pen, who has fallen to the second position. European producer price index (PPI) in February rose by 0.20%.
FTSE 100 7.304.62 -29.99 -0.41% DAX 11.953.64 -13.67 -0.11% CAC 40 4,957.59 -2.89 -0.06% FTSE MIB 19.417.06 -65.33 -0.34% IBEX 35 9.909.60 59.10 0.60% Stoxx 600 371.97 -0.61 -0.16% p>