Money markets are currently pricing in a 67.6% chance that the European Central Bank hikes rate at its June meeting
Published Thu, May 7, 2026 · 05:33 AM
[BENGALURU] Europe’s Stoxx 600 jumped over 2 per cent on Wednesday (May 6) in a broad-based rally as reports of a possible peace deal between Washington and Teheran boosted risk appetite and sent oil prices sharply lower, while upbeat company earnings added to the optimism.
The pan-European Stoxx 600 closed up 2.2 per cent at 623.25 points, to its strongest level since Apr 17.
Major…