Dutch health technology firm Phillips PHG.AS rose 5.9% after its CEO Roy Jakobs told Dutch financial daily FD the company expected to reach settlements this year related to its global recall of respiratory devices. "It's a combination of easing banking fears and expectation that we are very close to peak rates which is lifting indices," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. However, while German inflation eased significantly in March on the back of lower energy prices it still exceeded forecasts, pressuring the European Central Bank to further tighten monetary policy.