Iran's Ambassador to Pakistan says there were no talks between the US and Iran, either directly or indirectly, IRNA reports; says "friendly countries" seek to lay the ground for talks, "hopes these efforts can help in ending the war"

German Ifo Current Conditions (Mar) 86.7 vs. Exp. 85.6 (Prev. 86.7, Low. 84.9, High. 87.6)

ECB's Lagarde says "Small, one-off and short-lived supply shocks can be looked through. But as expected deviations from our inflation target grow larger and more persistent, the case for action becomes stronger."

Iran's Ambassador to Pakistan says there were no talks between the US and Iran, either directly or indirectly, IRNA reports; says "friendly countries" seek to lay the ground for talks, "hopes these efforts can help in ending the war"

Riksbank Minutes (Mar): Thedeen said "Our starting point with low inflation gives us some respite until we have a clearer picture of the economic consequences of the war..."

[MARKET UPDATE] European equity futures continue to see further upside as oil prices pull back following the AP report citing Pakistani officials stating Iran has received the ceasefire proposal; DXY now flat, WTI below USD 87/bbl, FESX +1.6%