Euro Holds Strong Near Six-Week Highs Ahead of Key Inflation Data

The Euro remains resilient above the 1.1500 level, heading toward its strongest weekly performance in nearly four months as stronger-than-expected economic growth figures and rising inflation prints from major economies like Germany and France fuel market expectations of a potential European Central Bank rate hike in September, even though analysts caution that further sustainable gains past 1.160 will likely depend on shifting US Dollar dynamics and easing geopolitical tensions.

FTSE MIB is up 0.9% at 52,570.62, the Mid-Cap is higher by 1.3% at 62,134.21, the Small-Cap rises 1.3% to 37,299.24 while Italy Growth edges up fractionally to 9,095.29. London's FTSE 100 is up 0.8%, Paris' CAC 40 gains 1.1% while Frankfurt's DAX 40 advances 1.0%.