March 14 on Tuesday Most European stock indexes are falling, amid uncertainty on the eve of elections in the Netherlands and the decision on the interest rate of the United States and the Bank of England this week. At the same time, the sharp drop in the British pound supported the UK market, raising the demand for exporters’ shares. Crude oil prices are hovering near three-month lows, as investors are waiting for key reports and inventory data that can shed light on supply levels in the global market. Oil prices plummeted last week, amid growing investor concerns about US stocks. This, according to participants of the oil market, will impede the efforts of the Organization of Petroleum Exporting Countries to restrict production and reduce global supersaturation. The data of the industrial group of the American Petroleum Institute on stocks of crude oil and petroleum products in the United States will be announced at night from Tuesday to Wednesday. The Upper House of the British Parliament gave its consent to the beginning of the procedure for the country’s withdrawal from the European Union. 274 deputies voted for the approval of the bill, against 118 votes. Lords did not re-amend, rejected by the House of Commons. Teresa May sharply opposed the amendment was able to win. For the bill to enter into force, the signature of Queen Elizabeth II is required, after which Theresa May can send to Brussels a request for Britain to leave the EU in accordance with Article 50 of the Lisbon Treaty. Against this bill was made by the first minister of Scotland, Nikola Sturgeon, in her opinion, the amendments had to be kept. Sturgeon intends to raise the issue of holding a second referendum on independence for consideration by the regional parliament, which caused sharp criticism from Theresa May. Germany’s consumer price index in February rose by 0.6% compared to the previous month, as economists had expected. Consumer price index in Spain in February fell by -0.4% compared to the previous month, with a forecast of a decline of -0.3%.
Review prepared by Fort Financial Services analytical department. Follow our publications!