Stocks rally as oil rises; Credit Agricole up 12% – CNBC

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Major Asian markets closed lower with the Nikkei 225 off over 1.3 percent, though China’s Shanghai Composite and Shenzhen Composite bucked the trend, to finish in the green.

European investors are looking towards minutes released later from the Fed’s January meeting. Markets will be hoping they give more clues as to the Fed’s internal talks around the path of interest rate hikes after it left rates on hold last month. Investors need to keep in mind what Fed officials have said in recent weeks when reading the minutes, according to analysts.

In recent weeks, all three senior Fed officials — William Dudley, Stanley Fischer, and Janet Yellen — have indicated in their own way that “‘financial conditions have become less supportive of growth’, and whatever comes out of this evening’s Fed minutes, markets should be mindful of that,” Michael Hewson, chief market analyst at CMC Markets, said in a note.

Read More Oil price rises ahead of OPEC talks with Iran

On the data front, the U.K.’s unemployment rate remained unchanged in the final quarter of 2015 at 5.1 percent, while wage growth slowed, highlighting that the Bank of England is likely to keep interest rates on hold for now.

Stocks rally as oil rises; Credit Agricole up 12% – CNBC