Sunday 16/12/2018 - 02:45 am


Weak eurozone inflation raises prospect of ECB action - as it happened


2016.09.01 12:35

 A slide in the oil price following a bigger than expected rise in US crude inventories helped put European markets under pressure, although banking shares were boosted by a number of positive signs from the UK economy and talk of possible mergers following comments from the boss of Deutsche Bank.

Investors were also cautious thanks to the continuing uncertainty about whether - or when - the US Federal Reserve might raise interest rates. Friday’s non-farm payroll numbers will be the key figures ahead of the next Fed meeting. The final scores showed:

  • The FTSE 100 fell 39.28 points or 0.58% to 6781.51 but still managed a 0.85% gain on the month
  • Germany’s Dax dropped 0.61% to 10,592.69
  • France’s Cac closed down 0.43% to 4438.22
  • Italy’s FTSE MIB finished down 0.31% at 16,943.38
  • But Spain’s Ibex ended up 0.36% at 8716.8
  • In Greece, the Athens market added 2.31% to 577.39

On Wall Street, the Dow Jones Industrial Average is currently down 108 points or 0.59%.

On that note, it’s time to close for the evening. Thanks for all your comments, and we’ll be back tomorrow.

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