Oil sector stocks have driven the FTSE lower, and in the first couple of hours we are down by 38 points. The effects of yesterday’s OPEC decision to maintain its oil output is still working its way through the markets today. Eurozone inflation figures are first up today and these latest deflationary developments are unlikely to have worked their way into the figures just yet. Today has seen both France and Italy post record levels of unemployment in the same week that Germany has posted record
Reported by FXstreet.com 2 hours ago.
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