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Sign InEurozone consumer confidence dropped to -16.3 points in March, missing the expected -14.1 as the conflict with Iran continues to weigh on household sentiment. Despite the slump in confidence, European equity markets showed resilience with the STOXX 600 index closing 0.4% higher at 579.28 points, recovering from an intraday decline of 0.7%. The recovery was led by the telecom and energy sectors, which rose 2.5% and 2.4% respectively, offsetting losses in defense and financial shares. Meanwhile, new data highlighted a significant slump in UK retail sales, adding to the regional economic uncertainty. These mixed signals are maintaining pressure on the EUR/USD pair and major European indices including the GER40 and FRA40.