london aug 26 reuters  euro zone bond yields and the euro shot up while european shares fell on friday following a reuters report that the european central bank could discuss a 75 basispoint rate hike at its september meeting some ecb policymakers want to discuss such a move at the banks policy meeting on sept 8 even if recession risks loom as the inflation outlook is deteriorating five sources with direct knowledge of the process told reuters read more the euro jumped in reaction and was last up 1 on the day at 10063  german twoyear bond yields hit a twomonth high at 099 and were last up 11 bps on the day  italys 10year bond yield which was up around 5 bps just before the story was published was up 16 bps on the day at 371  money markets were pricing in 61 bps worth of rate hikes from the ecb in september meaning a 50 bps move is fully priced in plus a 44 chance of a 75basis point move up from 56 bps or a 24 chance of the 75 bps move before the report the ecb raised rates by 50 bps to zero in july in an unexpectedly big move the paneuropean stoxx 600 stoxx index turned negative and dropped to its lowest level of the day last down 06 an index of euro zone banks sx7e was little changed after the story last up 01 reporting by dhara ranasinghe and sam indyk editing by yoruk bahceli