[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%

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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%

UK Business Secretary Kyle is to hold emergency talks with company bosses Wednesday morning about the impact of the Iran war on the UK economy, Sky News reports

IAEA Chief Grossi says talks between Washington and Tehran on the nuclear program and other issues may be held in Islamabad in the coming days

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Context

The headline indicates that European equity futures are gaining traction amid easing oil prices, linked to a ceasefire proposal in the Pakistan-Iran context. This development might suggest reduced geopolitical risk, leading to an upbeat sentiment in equities, while the stable DXY shows limited impact from dollar dynamics. The downward pressure on oil prices could further support this equity rally by alleviating inflation fears, enhancing the growth outlook.

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