*EUROPEAN STOCKS EDGE HIGHER ACROSS THE CONTINENT; U.S. INFLATION DATA IN FOCUS - 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇬🇧
The ECB must still raise interest rates significantly as broad disinflation has not yet started, even if overall price growth has been declining quickly, she said on Friday.
In the corporate sector, Castellum stock fell 4.4% after the Swedish property company proposed a SEK 10 billion rights issue to strengthen its balance sheet. Oil prices weakened Monday on worries a persistently hot inflationary outlook could cause the U.S. Federal Reserve to continue tightening monetary policy for longer than expected, severely impacting growth in the largest crude consumer in the world.
Also weighing was the resumption of Azerbaijani oil exports at Turkey's Ceyhan terminal over the weekend after the earthquake earlier this month in the region had disrupted supply.
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