Weak eurozone inflation raises prospect of ECB action – business live

11.33am BST

Strong case for more ECB action. The battle against low inflation is faltering. @angelamonaghan

11.29am BST

The price of a barrel of Brent crude oil is down 0.7% at $48.02.

Oil analysts surveyed by Reuters revised down their price forecasts for the first time since February as an agreement to cut production among oil producing nations looked unlikely, and US stocks rose.

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