On the 8th, Israeli airstrikes on multiple sites in southern Lebanon killed at least 17 people and wounded several.

Latvia's defense minister said NATO aircraft continue to patrol the border.

Banco Santander analysts say they expect the ECB to characterize rate rises as a policy adjustment to high energy prices rather than the start of a tightening cycle. In their base case they forecast 50bp of hikes in 2026 — June +25bp and September +25bp — taking the deposit facility rate to 2.5%. As the energy shock fades, they expect a 50bp cut in 2027. They add that in a severe scenario where US‑Iran talks collapse after summer, the ECB could raise rates to 3.75% by end‑2026.