French inflation exceeded expectations in August, while Spanish inflation rose to 4.5%, a three-year high: the market has fully priced in a September rate hike by the ECB.
Rising energy prices, fueled by the Middle East conflict, pushed up August inflation in both of the eurozone's two largest economies, leading investors to fully price in a potential 25-basis-point rate hike by the European Central Bank at its September meeting.
French inflation accelerated to 2.7% in