ECB's Rehn says the rate hike will help prevent inflation spillovers

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BoE Agents' summary of business conditions: Client confidence has fallen since the ME crisis began, but the impact on current activity is modest so far,

[MARKET ANALYSIS] European bourses rally on hopes for US-Iran deal; US equity futures hold onto gains ahead of SPCX IPO

ECB's Rehn says the rate hike will help prevent inflation spillovers

[MARKET UPDATE] Energy hit and equities bid, though the move has somewhat pared, as Mehr News (semi-official Iranian outlet) reports on the US-Iran agreement; reminder, earlier reports suggested Iran was yet to come to a final conclusion

US-Iran 14 point MoU includes a US commitment to lift sanctions, withdraw its forces from around Iran, lift the naval blockade, reopen the Strait of Hormuz, lift oil sanctions, and release frozen Iranian funds, Mehr reports; text still needs reviewing.

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