Major European indices are looking for a higher finish to the week. The U.K.’s GfK Consumer Confidence for May fell past its low from 2008, reaching an all-time low of -40. Bank of England Chief Economist Pill said that tightening efforts in the U.K. have room to continue and that policymakers have yet to decide about the timing of bond sales. German Finance Minister Lindner said that G7 central banks must lead the fight to lower inflation back to 2.0%, but also said that the G7 agreed to raise over EUR18 bln for Ukraine.
STOXX Europe 600: +1.6% (+0.3% week-to-date)
Germany’s DAX: +1.6% (+0.6% week-to-date)
U.K.’s FTSE 100: +1.5% (-0.1% week-to-date)
France’s CAC 40: +1.1% (-0.3% week-to-date)
Italy’s FTSE MIB: +1.4% (+1.4% week-to-date)
Spain’s IBEX 35: +1.2% (+2.0% week-to-date)