Friday, 10 March 2017

Stocks rise, oil falls, Eurozone rates unchanged

Markets were mostly up on Thursday.

The S&P 500 rose 0.1 percent, the STOXX Europe 600 rose 0.1 percent and the Nikkei 225 rose 0.2 percent.

“The sharp decline the last two days may have left room for a short technical rebound,” said Bruce McCain, chief investment strategist at Key Private Bank.

However, oil prices continued to fall. West Texas Intermediate crude fell 2.0 percent while Brent fell 1.7 percent.

At its monetary policy meeting on Thursday, the European Central Bank decided to leave interest rates unchanged.

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