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ECB's Lane says there has been some improvement in confidence, but not at pre-war levels, Bloomberg TV; adds that oil price curve sees elevated levels in the years coming, which suggest higher cost for the economy

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Iran's acting Defence Minister al-Reza says we do not trust the enemy and our hands are on the trigger in the event of any ceasefire violations, will take appropriate and necessary action

[CALENDAR ADDITION] ECB's Sleijpen to speak on BBG TV at 07:45BST and ECB's Wunsch to follow at 08:15BST

ECB's Lane says there has been some improvement in confidence, but not at pre-war levels, Bloomberg TV; adds that oil price curve sees elevated levels in the years coming, which suggest higher cost for the economy

Additional European Equity News

UK GDP Growth Rate YoY Final (Q1) Y/Y 0.9% vs. Exp. 1.1% (Prev. 1%, Low. 1.1%, High. 1.1%)

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  • Remains focused on data, to see how it has been impacted by lower energy prices.
  • July vs September is too narrow a debate. (seemingly suggesting that conversations should be about policy, rather than specific meetings).
  • Aims to keep options open by not boxing themselves into a specific meeting.

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