European energy producers and insurance companies may benefit from elevated energy prices and the European Central Bank’s decision to raise interest rates, eToro’s Lale Akoner said in a note. The ECB increased its deposit rate to 2.5% during Thursday’s policy decision, in line with market expectations. Akoner said property companies, housebuilders, smaller companies and retailers could be negatively affected. Banks may initially gain from wider lending margins, she said, although that benefit could diminish if loan demand weakens and defaults increase.