- Stoxx 600 -0.2%
- UK FTSE 100 -0.4%
- German DAX +0.3%
- French CAC -0.1%
- Italy MIB flat
- Spain IBEX +0.2%
The FTSE is underperforming on worries about stagflation. Yesterday’s job data was soft and today Bailey highlighted ongoing risks of a wage-price spiral.