Inflation in Europe will be stronger than in the U.S. for the first time since the 2008 crisis

Markets expect inflation in the eurozone to be 3.02% over the next decade, compared with 3.00% for the U.S.

"Peak inflation in Europe is still ahead," said Rohan Khanna, a strategist at UBS. He also added that price pressures in the U.S. will ease in the next few months as the Fed aggressively raises interest rates.