ECB's Rehn says economy is moving towards the adverse scenario of projections; may need to raise rates to maintain credibility

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China raises gas and diesel prices by CNY 75 and CNY 70 per ton, respectively, from May 22nd

Iranian Foreign Ministry says Foreign Minister Aragchi met the Pakistani Interior Minister who is visiting

ECB's Rehn says economy is moving towards the adverse scenario of projections; may need to raise rates to maintain credibility

Additional European Equity News

Swiss Industrial Production YoY (Q1) Y/Y -7.10% vs. Exp. 0.5% (Prev. -0.7%)

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