China A-shares: Shenzhen Composite Index jumped over 3% in afternoon trade; ChiNext Index rose 4.17%; Shanghai Composite gained 1.1%. More than 3,500 stocks advanced across the two exchanges.

EU High Representative for Foreign Affairs and Security Policy Kallas said broader work on a 21st round of sanctions against Russia is underway.

ECB Governing Council member Kazimir said on Monday the ECB has taken a first step to rein in price pressures but additional tightening is increasingly necessary. He noted the ECB raised rates last Thursday — its first hike in nearly three years — aiming to curb inflation before an energy-cost surge linked to US and Israeli military action against Iran spreads across the eurozone. Kazimir warned higher energy costs will likely persist longer than many expect and could trigger second‑round effects; even if the US and Iran have just announced a peace framework, damage in the Middle East cannot be undone overnight. Based on current information, he said monetary policy still has more work to do.