SHFE'S MOST ACTIVE FREIGHT INDEX (EUROPE ROUTE) FUTURES DROPS OVER 10% INTRADAY TO 2,180.1 POINTS

ECB'S POLICYMAKER STOURNARAS TELLS GREEK RADIO: IF OIL PRICES JUMP OVER 150$ A BARREL DUE TO THE IRAN CONFLICT, EUROPE COULD FACE RECESSION

RatingDog China Manufacturing PMI came in at 50.8 in March, marking the fourth consecutive month of expansion. Manufacturing activity continued to grow, with output, new orders and employment all increasing, while firms remained optimistic about the year-ahead outlook. However, the pace of expansion slowed from February, alongside the steepest rise in input costs in nearly four years and the most severe supply chain delays in over three years. RatingDog noted that policy support for growth and persistent imported inflation may keep the PMI fluctuating between expansion and cost pressure in the coming months.