Bumper profits from oil giant BP helped lift European stocks on Tuesday, while the euro was pegged back as the head of the European Central Bank.
Oil and mining shares were among the biggest gainers on the pan-European after FTSE-listed BP reported a $12.8 billion annual profit, its highest in eight years, boosted by soaring gas and oil prices.
Currency and bond market traders meanwhile were still focused squarely on which central banks will hike their interest rates the fastest and furthest this year following the rapid rise in global inflation.
– Reuters