US manufacturing index worse than expectedConsumer price index at highest level for a yearOil assembly disappoints after no output cutGerman consumer confidence drops sharply 1.50pm GMTOil prices have now fallen into negative territory after their early gains,on disappointment with the agreement to maintain production at January levels announced by a group of producers including Saudi Arabia and Russia.
Brent crude is now down 0.6% at $33.19 a barrel, having early climbed 4.5% on hopes of output cuts. 1.35pm GMTContinuing signs of a mixed performance n the US economy have near from the New York Federal Reserve.
Its Empire State manufacturing index came in at -16.64 in February, and an improvement on the -19.37 in January but well below expectations of a figure of -10.
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Source: theguardian.com