Shares of energy companies rose as traders bet the sector would thrive during an inflationary era.
Core inflation in the euro zone hit its highest ever level, as the after-shocks of the Ukraine War ripple through the economy.
Oil futures settled at a two-week high, as rising Chinese demand offset concerns about central-bank policy responses to inflation.
The energy sector thrived during previous eras of inflation, and for much of 2022 when rising costs plagued other sectors.
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