U.S. producer prices have come in higher than predicted causing minor declines on Wall Street with Treasury yields pushing up too. The ECB chief economist Philip Lane tells CNBC that the central bank should take its time in deciding on rate cuts and earmarks June as a potential live meeting. Germany’s largest real estate company Vonovia posts a record full-year loss of €7bn with the CEO describing the fall in valuations as “the worst we have ever seen”. Former U.S. Treasury Secretary Steven Mnuchin tells our colleagues Stateside that he is creating an investor group to purchase the Chinese social media giant TikTok as legislation threatening the app’s American presence winds its way through Congress. We also hear from the CEO of Qatar Airways who says he is open to expanding his fleet through either Airbus or Boeing, stressing he has no safety concerns about the U.S. plane maker.
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