Oil, elections, interest rates in mind of markets

Investors are expecting more certainty in US economic policy following tomorrow’s elections, as well as unchanged interest rates in the eurozone. Figures published today show industrial output is lagging in the 12-member eurozone, mainly because of increased energy costs linked to the price of oil That has made economists predict there will be no changes to the key interest rate applied to the region when the European Central Bank’s members meet on Thursday. Here, BP is up 8p to 535.5p after winning a permit to boost retailing operations in Indonesia. The weighting means the stock ...