On Wednesday, most European stock indexes traded with an increase, amid rising shares of the energy and mining sector. The energy sector is consolidating against the background of the continuing strengthening of oil prices after the American Petroleum Institute on Tuesday evening announced a drop in crude oil reserves in the US by 1.8 million barrels last week. Market experts were expecting a drop of only 200,000 barrels. It can be expected that demand will outpace supply in the coming months, and the process of rebalancing will be gradual. In such a market situation, every significant price increase will result in kickbacks. Shares of Tullow Oil PLC rose by 2.8%, Spanish Repsol rose by 2.1% and French Total SA added 1.4%. Yesterday a live debate was held between candidates for the presidency of France, in which all 11 participants in the presidential race simultaneously took part. The closest attention was riveted on the leaders Emmanuel Macron and Marine Le Pen, who did not miss the opportunity to argue. The situation on the FOREX market is not straightforward. The market is trading with reduced activity. The European currency remains stable after the publication of the index of business activity in the services sector of some European countries, worse than expected. At the same time, the pound strengthened significantly, responding to the growth of the business activity index in the UK services sector. The US dollar is trading in a narrow range, as traders took a pause pending the publication of the minutes of the last Fed meeting tonight. The business activity index in the services sector in Italy in March is 52.9, with the forecast of 54.2. The index of business activity in the services sector of France in March is 57.5, with the forecast of 58.5. The index of business activity in the services sector in Germany in March 55.6, as analysts had expected. The index of business activity in the services sector of the eurozone is 56.0, with the forecast of 56.5. The index of business activity in the UK services sector in March is 55.0, with the forecast of 53.5.

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