Italy expects its deficit to be “very close” to 4.3% of GDP in 2024 and below 4% in 2025.

Italy lowered its 2025 GDP growth target to 1.2% from the 1.4% previously set in September.

ECB Governing Council member Holzmann: Relative to inflation, wages are undoubtedly a risk.

ECB board member Holzmann: He will not seek re-election after his term expires in August 2025.

ECB board member Holzmann: A rate cut in April is not on my radar.

The TASS news agency quoted the Russian Ministry of Defense as saying that since the beginning of 2024, more than 100,000 people have signed contracts to join the Russian Armed Forces.

ECB Governing Council member Holzmann: Inflation may be better than the ECB predicts.

ECB board member Holzmann: Given the weak productivity in the euro area, the 3% deposit rate may still be too tight in the longer term.

ECB Governing Council member Holzmann: Cutting interest rates out of sync with the Fed will weaken the impact of policy easing.

Chairman of Thai business group: Weak baht helps exports but affects energy imports.

Market news: Japan Airlines (JAL) canceled 22 domestic flights after the earthquake.

The Philippine stock index fell 1%.

According to NHK: All tsunami warnings in Okinawa, Japan have been lifted.

According to the Japan Broadcasting Corporation: Naha Airport in Okinawa, Japan has resumed operations.

Market news: After the earthquake, All Nippon Airways (ANA) canceled 13 flights, affecting 2,630 passengers.

TSMC (TSM.N) spokesperson: All employees are safe.