Major European indices trade in the green. The chief of Germany’s ZEW Institute said that the European Central Bank needs to do more to fight inflation. Meanwhile, ECB policymaker De Cos repeated his expectations for a gradual rate hike path. British Chancellor of the Exchequer Sunak said that the plan to subsidize household energy bills will increase inflation by less than a percentage point.
STOXX Europe 600: +1.0% (+2.5% week-to-date)
Germany’s DAX: +1.0% (+2.8% week-to-date)
U.K.’s FTSE 100: +0.4% (+2.8% week-to-date)
France’s CAC 40: +1.1% (+3.1% week-to-date)
Italy’s FTSE MIB: UNCH (+1.9% week-to-date)
Spain’s IBEX 35: +0.4% (+5.1% week-to-date)