Lagarde and ECB Face Markets as Oil Holds Above $100
Investors brace for an expected European Central Bank rate hike as oil prices remain above one hundred dollars per barrel amid escalating conflict in the Middle East. ECB President Christine Lagarde will address markets following recent shipping attacks, while traders await upcoming US inflation data.
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Global investors faced mounting inflation pressures on Thursday morning as Brent Crude Oil surged past $100 a barrel for the first time since July. The spike in energy costs coincided with escalating shipping attacks in the Middle East.
