What are the main events for today?
EUROPEAN SESSIONIn the European session, we don't have anything on the agenda other than the French industrial production report. The data is not going to change anything for the ECB, so the market reaction will likely be muted. As a reminder, the ECB is widely expected to hike interest rates by 25 bps tomorrow, bringing the policy rate to 2.50%. According to "ECB sources", the central bank will also signal less appetite for further tightening, raising the bar for additional rate hikes.
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