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Italy February preliminary CPI +1.6% vs +1.1% y/y expected

Oil prices surge higher, looks to eclipse the opening gap up from yesterday

What are the main events for today?

US, China officials reportedly set to meet to lay the groundwork ahead of Trump-Xi summit

US Central Command confirms strikes on Iranian missile and drone launch sites

Trump says he doesn’t think boots on the ground will be necessary in Iran

Australian January building approvals -7.2% m/m vs +5.0% expected

Japan January unemployment rate 2.7% vs 2.6% prior

New Zealand January building consents +1.9% vs -4.6% prior

investingLive Americas FX news wrap 2 Mar:Oil higher. Stocks rebound.Reactions to Iran war

Trump; US continues to carry out large scale combat operations in Iran

ISM Manufacturing PMI for February 52.4 versus 51.8 estimate