On Monday, European stock indexes traded in different directions, as the growth of geopolitical tensions leveled the recovery in prices for oil and metal. Investors are concerned about North Korea’s mid-range missile testing last Sunday. On this fact, the United States and Japan convened an emergency meeting of the UN Security Council. Oil prices continued to strengthen after Saudi Arabia and Russia announced that they would contribute to the extension of the reduction in oil production of the world’s largest producers until the end of the first quarter of 2018. Thus, a more stringent timeframe has been established for the likely extension of the agreement to reduce production, signed at the end of last year. The statement was made by the Minister of Energy of Russia Alexander Novak and the Minister of Oil of Saudi Arabia, Khaled al-Faleh, at a joint press conference following talks in Beijing on Monday, May 15. They presented their position before the meeting between OPEC and other countries, which will be held at the end of this month in Vienna. Metal prices added more than 1% after last weekend Chinese President Xi Jinping announced plans to allocate more than $ 100 billion to finance the One Belt, One Road infrastructure program. After these words, even the indicators of a slowdown in China’s economic growth could not prevent the rise in prices for metals and mining companies ’shares. According to preliminary official voting results for elections in North Rhine – Westphalia promulgated on Monday night May 15, the Christian Democratic Union is gaining 33% of the vote, and the Social Democratic Party – 31.2%. The Liberal FDP receives 12.6%, the Greens – 6.4%, the Left Party – 4.9% of the votes. The right-populist “Alternative for Germany” is 7.4%, the Pirates Party has exactly 1%. Other parties gain in the amount of 3.5%. The euro and the pound were able to strengthen their positions against the US dollar after the opening of the European market, helped by weak economic data published on Friday evening in the US. Swiss producer price index in April fell by -0.2% compared to the previous month, after rising 0.1% in March. The consumer price index in Italy rose by 0.4% in April against the previous month, with a 0.3% growth forecast.

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