Major stock market indices in South East Europe closed mostly higher on Tuesday despite the preliminary report on inflation in the Eurozone in May showing the figure jumped to a record 8.1%. The annual consumer price increase was driven by soaring energy costs, which hit 39.2% (up from 37.5% in April) and a 7.5% increase in food, alcohol and tobacco prices (up from 6.3%). The data heightened concerns about the pace and scale of looming interest rate hikes, with traders now factoring in an outsized 50 basis point European Central Bank rate hike in July.
1. ATHENS – ATHEX -0.12%
2. BELGRADE – BELEX15 0.92%
3. BUCHAREST – BET 0.40%
4. ISTANBUL – BIST 100 0.79%
5. LJUBJLANA – SBITOP -0.54%
6. NICOSIA – CSE GI 0.63%
7. PODGORICA – MNSE 10 0.03%
8. SARAJEVO – SASX10 n/a
9. SKOPJE – MBI 10 1.04%
10. SOFIA – SOFIX 0.82%
11. ZAGREB – CROBEX -0.40%
