Looking at the European economy now. Fresh data shows that euro zone consumer prices came in at 1.1 percent year-on-year in February, slightly below preliminary estimates of 1.2 percent. Analysts said that was because prices of processed food, non-energy industrial goods, alcohol and tobacco rose less than expected. Inflation slowed from 1.3 percent in the previous month to hit the lowest level since December 2016. Meanwhile, ECB President Mario Draghi said that core inflation has yet to show convincing signs of a sustained upward trend. Draghi said that was because of a slack in the labour market and the economy. Meanwhile, Eurostat data showed that the growth of labour costs eased for a second consecutive quarter to 1.5 percent in last year's fourth quarter.