News Summary

• An index of German consumer sentiment fell to its lowest in two years this month.
• Similar surveys in France and Italy also show growing unease.
• "It's likely to get worse before it gets better," Frederik Ducrozet, head of macroeconomic research at Pictet Wealth Management, said.
• The ECB has made clear it will not let a new energy-led spike in inflation take ‌root in the euro zone, strongly hinting at interest rate hikes in the coming months.