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Commodities

European Markets Shaken by Oil Price Surge, Await ECB Decision

Guavy AI Editorial Team
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Oil
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The European stock markets are experiencing mixed trading sessions following yesterday's weakness. Milan and Madrid are leading the pack, with the FTSE MIB and IBEX 35 indices posting gains.

The price of oil is rising again due to the ongoing conflict in the Middle East, with Brent crude futures exceeding $102 per barrel for the first time since last May.

The European Central Bank's decision on interest rates will be a key focus today, with investors waiting to see if President Christine Lagarde signals any changes in monetary policy. The US producer price data is also expected to have an impact on inflation expectations and the Federal Reserve's upcoming meeting.

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