Money markets currently expect three hikes from the ECB before the end of the year
Published Wed, May 13, 2026 · 05:40 AM
[BENGALURU] Europe’s Stoxx 600 closed 1 per cent lower in broad-based declines on Tuesday (May 12) as dimming hopes for a US-Iran peace deal sent oil prices higher and weighed on risk sentiment.
The pan-European Stoxx 600 dropped 1.1 per cent to 606.12 points, with all major regional bourses in the red, led by Frankfurt’s DAX which fell 1.6 per cent.
The disruption to energy supplies through the Strait of Hormuz has…