Major European stock markets ended Tuesday's session with gains, following the discussions on the upcoming interest rate hikes introduced by the European Central Bank as a measure to hold back the rising inflation.
Bank of England chief economist Huw Pill said that there is a narrow path between recession and fighting inflation, while Deutsche Bank Chief Executive Christian Sewing warned that the US and the European Union might be facing a recession in the years to follow. On the data side, British inflation data is due to be published tomorrow.
The DAX gained 0.20% at the closing bell, with Linde plc jumping 2.75% at 5:30 pm CET. The CAC 40 added 0.75% as Air Liquide climbed 3.06%, while the FTSE 100 increased by 0.42% with DS Smith plc's 3.90% growth.
The euro went up 0.46% against the dollar to sell for $1.05590 at 5:29 pm CET, while the pound rose 0.24% compared to the greenback, buying $1.22799 concurrently.
