Spain's Ibex 35 on the other hand slipped 0.81% to 9,157.40, although the French Cac-40 ended up 0.32% at 7,345.96.Įuro/dollar meanwhile gained 0.43% to 1.0886, even as front-dated Brent crude oil futures jumped 4.83% to $84.72 a barrel on the ICE.Īt the weekend, oil cartel OPEC+ slashed production by more than 1 million barrels a day. The pan European Stoxx 600 drifted lower by 0.12% to 457.30, while the oil-heavy UK FTSE 100 outperformed with a 0.54% rise. "The FTSE 100 has enjoyed one of the stronger starts to the year, kept in positive territory by BP and Shell, which have added more than 40 points to the index." Having finished the quarter with signs of slowing inflation, investors are now scrambling to react," said IG chief market analyst Chris Beauchamp. "It has been a busy start to Q2, as markets scramble in the OPEC+ production cut. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds.Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so.Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body.Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services.
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