The picture for European indices was a little different, with sentiment towards the EUROSTOXX 50 plummeting to 30, likely driven by fears of contagion to European banks which are well represented in the index.
The ECB Governing Council did not surprise at its latest policy meeting, with a step-down in the pace of interest rate increases whilst retaining a hawkish tone with regards to too-high inflation.
We have had a raft of euro area data that puts us more firmly in the 25bp rate hike camp for Thursday’s meeting. EA GDP last week coming in broadly in line with Consensus at a tepid 0.1%.
FinTech Degura secures EUR 2.2M in Seed funding to further scale its Pension Cloud - the fastest-growing digital Platform for Company Pensions in the EU
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