ECB executive board member Dolenc said policy decisions were made based on a reliable data set.

The New York Post reports sources familiar with the mediation say Iran has finalized a draft of a proposed agreement with the United States and submitted it to Qatari intermediaries to relay to Washington. A regional source familiar with Iran’s leadership said the text was completed Wednesday night and that Qatar has been in contact with both sides to advance the deal; if approved, procedures to implement the memorandum of understanding would begin. A US source familiar with Qatar’s mediation confirmed a draft was submitted but said substantive details have not been released.

Germany's Economy Ministry said elevated energy prices mean it does not expect a rebound in labour demand even during the summer.