[Institution: No Breakthrough in Middle East Situation, ECB Rate Hike This Week Likely a Done Deal] Jin10 News, June 9 – Insight Investment analyst Jan Felix Gloeckner stated that due to the lack of breakthroughs in the Middle East situation and the renewed escalation of conflicts, the likelihood of a European Central Bank (ECB) rate hike on Thursday is almost certain. In a report, this senior investment expert noted: 'The latest projections from ECB staff may lean more toward the adverse scenario proposed in March, namely, persistently rising inflation coupled with a gradual slowdown in economic growth.' Given that the energy shock is expected to persist for a longer period, Insight Investment believes there may be room for a second rate hike later this year. He added that the market will pay particular attention to the policy guidance for the period after June, while the ECB is expected to maintain policy flexibility.