Overview of the main drivers: Stock indices and oil

The main European stock indices show mixed dynamics in the course of trading on Thursday. FTSE currently loses about -0.02% of positions, which in turn does not affect the movement of the British currency. DAX loses about -0.35% of positions, in turn CAC 40 adds about 0.04% to quotes, which provides some support for the single currency. See “Quotations“.

Oil prices in the course of trading demonstrate an increase of 1.00%, which is facilitated by the OPEC + pact to reduce production volumes and a positive forecast for the growth in demand for raw materials due to the growth of the world economy. This rise in oil prices is ignored by participants in the foreign exchange market, while not providing support to commodity currencies. More see “Oil today: oil grows on the growth of optimism“

Alexander Sivtsov