News

Fed Hammaker: Balance sheet reduction needs to be gradual.

Fed Hammaker: From a policy perspective, we are in a good position; I think we will probably keep interest rates on hold for quite some time.

Fed Hammaker: It is critical that we maintain policy at a level that can push inflation back to target levels while balancing potential weakness in the labor market.

Spain's IBEX35 index and FCHI index rose by 1% during the day. Italy's FTSE MIB index stood at 45,000 points, up 1.20% on the day.

According to the New York Times: U.S. officials are skeptical about Iran’s readiness to accept negotiations.

According to the New York Times: Officials familiar with Iran's contacts with the CIA said that Iranian agents had offered to discuss terms for ending the war.

The price of baseload electricity delivered off-site in Germany fell by 12.6% to 117.75 euros/MWh.

The unemployment rate in the Eurozone in January was 6.1%, expected to be 6.20%, and the previous value was 6.20%.

The Eurozone PPI monthly rate in January was 0.7%, expected to be 0.20%, and the previous value was -0.30%.

The euro zone's PPI annual rate in January was -2.1%, expected -2.7%, and the previous value was revised from -2.10% to -2%.

Officials said the EU has informed member states that it does not currently plan to take any measures to deal with the gas problem at national or EU level.

The European Union has informed member states that the conflict with Iran will have no immediate impact on the security of natural gas supplies, officials said.

Kremlin: Russian President Vladimir Putin and Hungary’s Foreign Minister will discuss the “Ukrainian extortion” suffered by Hungary and Slovakia.

Kremlin: Russian President Vladimir Putin will hold talks with his Hungarian counterpart in Moscow later on Wednesday.

Kremlin: Due to the impact of the situation in Iran, European countries have not yet contacted Russia about restoring or increasing energy supplies.

The euro zone's January unemployment rate and monthly PPI rate will be released in ten minutes.

Spanish Petroleum Products Strategic Reserve Company: Spain’s crude oil imports fell by 2.3% year-on-year in January to 5.1 million tons.

UK Maritime Trade Operations Office: Received reports of an incident 10 nautical miles east of Fujairah, United Arab Emirates. A loud noise was heard from an oil tanker, fragments from unknown ammunition were found on the deck, and the crew was safe.

According to Interfax: Russia expressed its readiness to increase oil supplies to India.

UK official reserves changed by US$2.022 billion in February from the previous value of US$7.472 billion.