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.
Write to Rob Curran at rob.curran@dowjones.com
