Morning Bid: Nearing the top?

A look at the day ahead in European and global markets from Anshuman Daga

and Asian stocks on Tuesday but inflation clearly tops the agenda for European investors this session.

Though the numbers are set to show a slight cooling from the record levels hit in October, it might take a lot more to convince the European Central Bank that it can slow the pace of rate hikes.on Monday that euro zone inflation had not peaked and risks turning out even higher than currently expected.

The double whammy of rising rates and the prospect of a recession spells bad news for European stocks as they head into next year, a ReutersMoney markets are pricing in more than 150 basis points of ECB interest rate increases by the end of June.

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