ECB's Rehn says focus is on persistent inflation effects of energy shock and the outlook on this is foggy

ECB board member Rehn's comments highlight concerns around persistent inflation driven by energy shocks, signaling uncertainty in the inflation outlook.

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Israeli source says ceasefire in Lebanon could be announced tonight, according to reports

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ECB's Rehn says focus is on persistent inflation effects of energy shock and the outlook on this is foggy

Israeli Broadcasting Corporation, quoting an Israeli source says Trump seeks a ceasefire in Lebanon ahead of talks with Iran, via Sky News Arabia

Israeli Broadcasting Authority, citing a source says the trend is towards a ceasefire in Lebanon and Trump wants this to happen within days, via Al Jazeera

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This dovish tone may lead traders to reassess expectations for future rate hikes, particularly if inflation remains elevated but growth slows, affecting both the EUR and fixed income markets.

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