70FINANCE
⚡ Markets: Higher-than-expected inflation increases the probability of the ECB raising interest rates, which would be bearish for European government bonds and equities.EURUSDBundEuro Stoxx 50
Inflation in the Eurozone climbed to a three-year high of 3.3% in August, driven largely by high energy costs related to the Middle East conflict. The figure is well above the European Central Bank's 2% target, strengthening the case for further interest rate hikes.
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