European shares were rising Thursday, lifted by energy stocks as investors looked past renewed tensions in the Middle East
and toward the European Central Bank's expected rate decision.
A 25-basis-point interest-rate hike seems a foregone conclusion , according to Metzler, adding that the more crucial question is the signal this will send regarding the future.
"We don't expect any clear indications from the projections in this regard, as inflation forecasts for 2026 and 2027 are likely to be revised upwards, while growth forecasts are expected to be revised downwards."
Jefferies, like Metzler, believes any further increase in interest rates
