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Iran's President Pezeshkian: Attacks on Lebanon deem ceasefire negotiations meaningless

Iran's President Masoud Pezeshkian said on Thursday that Israeli strikes on Lebanon would deem negotiations meaningless because they violate the ceasefire agreement, per Reuters.

"Iran will not abandon the Lebanese people," he added.

Echoing the same sentiment, Iran's parliament speaker Mohammad Bagher Ghalibaf said the ceasefire proposal included Lebanon and the entire 'axis of resistance' and added that violations carry explicit costs and strong responses.

Market reaction

US stock index futures were last seen losing between 0.2% and 0.4% on the day, reflecting a cautious sentiment.

NZD: RBNZ warns on upside inflation risks – BNY

BNY’s Head of Markets Macro Strategy Bob Savage reports that Reserve Bank of New Zealand (RBNZ) Governor Anna Breman signaled readiness to hike rates if core inflation accelerates, citing upside risks from higher fuel prices tied to Middle East tensions.
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Germany: Industrial outlook stays weak – Commerzbank

Commerzbank’s Dr. Ralph Solveen highlights continued weakness in German industry, with industrial production down 0.3% month-on-month in February and manufacturing output also slightly lower.
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