Reuters reports that eurozone money markets brought forward bets for an ECB rate hike, reflecting a shift higher in U.S. rate-rise expectations after strong inflation numbers.
Eonia money market futures dated to the ECB's September 2022 meeting see a 100% chance of a 10 basis point rate rise. At the start of the week, market pricing had pointed to a full 10-basis-point move by December 2022.