Major European indices trade sharply lower across the board.
The U.K. is reportedly looking to scrap the Northern Ireland protocol due to a continued post-Brexit disagreement with the EU.
Bank of England policymaker Ramsden said that he expects more rate hikes due to inflation risk and that the central bank’s forecasts are not trying to guide the economy lower.
Finland’s leaders are preparing to apply for NATO membership.
STOXX Europe 600: -2.1%
Germany’s DAX: -2.2%
U.K.’s FTSE 100: -2.0%
France’s CAC 40: -1.7%
Italy’s FTSE MIB: -1.7%
Spain’s IBEX 35: -1.8%