(Il Sole 24 Ore Radiocor) - Milano, 16 giu - European share prices were higher at midday, showing limited reaction to the ongoing conflict between Israel and Iran and to comments from ECB vice president Luis de Guindos.

De Guindos warned that tariffs will weigh on eurozone growth and prices for years, but added that the risk of inflation falling too low is minimal.

Investors are also looking ahead to a busy week of central bank meetings, with rate decisions due from the Fed, the Bank of Japan, the Bank of England and the Swiss National Bank.

The G7 summit in Canada is being closely watched for developments on Ukraine, Gaza, climate policy and EU-US trade.

On the data front, eurozone hourly labour costs rose 3.4% year on year in the first quarter, while the job vacancy rate edged down to 2.4%.

In Italy, May CPI fell 0.1% month on month and rose 1.6% from a year earlier, below earlier estimates.

At 0951 GMT, Frankfurt's DAX was up 0.26% at 23,577.24 points, Paris's CAC 40 rose 0.60% to 7,730.71 points, Milan's FTSE MIB gained 0.63% to 39,686.00 points, London's FTSE 100 was 0.36% higher at 8,882.44 points and Madrid's IBEX 35.

climbed 0.81% to 14,016.00 points.

(RADIOCOR) 16-06-25 12:05:29 (0282) 5 NNNN