UK PM STARMER: IN COMING WEEKS WE WILL ANNOUNCE A NEW SUMMIT WITH OUR EU PARTNERS

Bank of England Governor Bailey: If energy prices remain high and supply disruptions occur, it will "significantly" drag down many countries.

Markets & equities: • S&P 500 and Nasdaq 100 both notch best days since May 12, 2025 Iran conflict: • Trump tells NBC News on Iran war: it’s coming to an end • Iranian foreign minister to Al Jazeera: we have not sent any response to the 15 American proposals, and we have not put forward any proposals or conditions • Iran’s Revolutionary Guards say they will target 18 U.S. companies operating in the region starting April 1 in response to attacks on Iran, according to state media; firms named include Microsoft, Google, Apple, Intel, IBM, Tesla and Boeing • Trump signals Iran war near end, says Strait of Hormuz to reopen after U.S. exit U.S.-China relations: • Jamieson Greer says preparations for a May summit between Donald Trump and Xi Jinping remain on track despite delays due to the Iran war Corporate & technology: • OpenAI beginning to let individual investors access its stock months before expected IPO - Axios • Meta: introducing first AI glasses built for prescriptions • China Vanke reports 2025 revenue down 32% y/y • Huawei reports 68 billion yuan in 2025 net profit, up 8.6% y/y - statement China policy & economy: • China set to extend ban on fuel exports into April; small volumes may be exempt for countries requesting help, sources say • New circular from the People’s Bank of China and State Administration of Foreign Exchange takes effect April 1, easing fund management for Chinese firms listing overseas and improving cross-border financing • Notice on China domestic air route fuel surcharge increase withdrawn Global policy & supply chains: • U.S. presses U.K. and allies to secure quantum computing supply chains - FT Energy & commodities: • South Korea to start crude oil swap with local refiners - Yonhap Fixed income & flows: • Japanese investors buy South Korean treasury bonds ahead of inclusion in the world Government Bond Index, sources say