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The Office for National Statistics said the economy grew by 2.1% month on month in March despite lockdown restrictions.

Turkish Finance Minister Lutfi Elvan said he expects Turkey to see 5.5%-6% growth in the first quarter, double-digit growth in the second quarter with the base effect and above 5% growth throughout the year.

Commerzbank reported that its first quarter consolidated profit attributable to shareholders was 133 million euros compared to a loss of 291 million euros in the prior year.

Around 70 per cent of countries are currently experiencing severe supplier delivery delays, which in turn is seeing manufacturers increasingly marking up their output prices, the Institute of International Finance said.

Japan's Mizuho Financial Group Inc reported its net profit more than doubled for the fourth quarter, during which it suffered some system failures and booked a trading loss.