Overview
- The German DAX turned lower after the open to about 22,552 points, reversing a firmer start that brokers had signaled ahead of trade.
- President Donald Trump extended his deadline to Iran to April 6, saying the US would pause strikes on Iranian power plants until then.
- Brent crude traded near $107 to $108 a barrel, and ING’s Ewa Manthey estimated about 8 million barrels per day of output are already offline.
- Iran sent mixed messages as it denied talks with the US even as it signaled it would examine proposals and Pakistan said it was mediating.
- An EY study showed revenues at Germany’s largest listed companies fell for a third straight year, highlighting how higher energy costs could squeeze manufacturers and raise the risk of recession in Europe.