ECB President Lagarde (Q&A) says even if the conflict ended tomorrow, the impact on energy would still linger

Lagarde's comments highlight the persistent effects of geopolitical conflicts on energy markets, suggesting that any resolution would not immediately alleviate inflationary pressures in the Eurozone.

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Russian Deputy PM Novak says the global oil market will still be in turbulence for some time, and will take several months to stabilise, Interfax reports

ECB President Lagarde (Q&A) says tightening of financial conditions seen recently is doing some of the work; notes they are not seeing any second-round effects

ECB President Lagarde (Q&A) says even if the conflict ended tomorrow, the impact on energy would still linger

Japan said to have intervened in FX, Nikkei reports; a government official confirmed the intervention to Nikkei

Steve Cohen relinquishes President Title at his Point72 hedge fund, Bloomberg reports

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This could indicate a more cautious stance on monetary policy as the ECB balances growth concerns with ongoing energy costs, potentially keeping rate hikes on the table for longer than previously anticipated.

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