Citi merger talk, equity rebound prompt FX turnaround…  Sterling also rises as risk aversion cools… Weak euro zone PMI a reminder of economic distress

Losses in equities worldwide top $25 trillion. What say ye, Obama?… Japan, eurozone enter recession, Gulf bourses continue to tumble… Turning fear into profit: A special volatility report, and plenty more…

Bowing to peer pressure from Eurocentric readers, today’s comment focuses squarely on opportunities in European indexes, or should that be ‘bourses.’

The pace of inflation in the Euro zone accelerated in March to its fatest pace since 1992, reports The New York Times.

Eurostat, the European statistics agency, said prices rose in March at a 3.5 percent annual rate in the 15 countries that share the euro, the highest rate since June 1992. The rate in February was 3.3 percent, which had itself been a record. Inflation is running far above the European Central Bank’s 2 percent guideline.

The concern about rising prices is not confined to the euro zone. In a speech on Monday, the governor of the Bank of England, Mervyn King, noted that “food prices on world markets are more than 50 percent higher, and oil prices two-thirds higher, than…