Germany Finance Minister Christian Lindner said Thursday that the “war in Ukraine has risks for global recovery,” adding that the “G7 will look at how to avoid stagflation. “

Additional comments

“War in Ukraine will play a central role at G7 meeting; want to secure Ukrainian state's ability to act.”

“Putin will not achieve his war aims in Ukraine.”

“Ukraine needs double-digit billion euros in funding for coming months; confident G7 can agree aid.”

Market reaction

With Euro Stoxx futures down 0.70% ahead of the European open, EUR/USD is losing the early ground, now trading at 1.0480, adding 0.14% on the day.