German Defense Minister Pistorius: Production will be split equally between French and German industry.

German Defense Minister Pistorius: Today an agreement was reached with France on the development of joint ground combat vehicles, and tasks have been allocated for future tank projects.

ECB Governing Council member Nagel: More clarity is needed on inflation, especially core inflation.

ECB Governing Council member Nagel: We have seen premature interest rate cuts in the past.

ECB Governing Council member Nagel: The last leg of the inflation battle is the most difficult one.

ECB Governing Council member Nagel: The March forecast is reason for optimism that inflation will reach the 2% target.

ECB Governing Council member Nagel: Core inflation remains stubborn.

ECB Governing Council member Nagel: We should adopt a very cautious attitude towards the first interest rate cut.

ECB Governing Council member Nagel: I don’t think the Fed is as important to ECB policy as some people think.

ECB Governing Council member Nagel: It’s too early to draw conclusions about wages.

ECB Governing Council member Nagel: We are observing Germany’s still quite high salary requirements.

ECB Governing Council member Nagel: Energy prices, wages and profits are causing uncertainty.

A majority of German Bundesrat lawmakers approved tax cuts for businesses.

ECB Governing Council member Nagel: Will not speculate on current market expectations.

UBS Group strategist: He believes that the possibility of a slight correction in the stock market is relatively high.

ECB Governing Council member Nagel: He believes there is no automatic mechanism for cutting interest rates.

According to TASS: The Kremlin said that Russia cannot tolerate the presence on its borders of a country prepared to use any means to seize Crimea.

Market news: The EU proposes to impose punitive tariffs on Russian grain imports.

ECB Governing Council member Nagel: It looks like the inflation target will be achieved next year.