- ECB's President Lagarde believes that the prerequisites for a rate hike are unlikely to be met by 2022.
- ECB's President Lagarde: Inflation will continue to moderate in the coming year, although it will take longer to fall than previously anticipated.
- BoE's Haskel signalled caution in the debate over lifting UK interest rates.
- ECB's President Lagarde: The duration of supply constraints is uncertain; they are expected to last many months and progressively ease only during 2022.
- BoJ's Governor Kuroda: Even if consumer inflation in Japan approaches 1% next year, the BoJ will not slow down or quit easy monetary policy.
- European equities were steady around record highs after earnings season revealed that firms were deleveraging and weathering the supply-side crisis.
- The STOXX 600 Europe index edged higher after increasing for six weeks, the benchmark's longest weekly winning streak since mid-April. With NASDAQ 100 contracts, the S&P 500 futures showed moderate gains. Bonds in Europe climbed in tandem with US Treasuries.
- Strong corporate results are driving investors into surging markets and overshadowing concerns about the highest US inflation print in three decades in the United States. The emotion spread to calmer bond markets, where the pandemic's worries have resulted in the highest volatility since the outbreak.
- Oil decreased in price as markets awaited Biden's response to rising gasoline prices, which have sparked widespread concern about the impact of rising prices.
