U.S. stock futures retreated following the release of economic data.

USD/JPY rose 20 points against the yen and is now at 147.91.

The monthly rate of new manufacturing orders in Canada in January was -3.1%, compared with the previous value of 2.3%.

Market News: Chevron (CVX.N) faces $1.5 billion in additional costs for its oil project in Kazakhstan.

CEO of German container shipping company Hapag-Lloyd: The market has calmed down and the spot exchange rate has declined.

NATO Secretary General Stoltenberg: The decision-making issue lies in political will.

NATO Secretary General Stoltenberg: Allies urgently need to increase the supply of ammunition and weapons to Ukraine.

NATO Secretary General Stoltenberg: Any attempt to organize Russian elections in occupied areas of Ukraine is completely illegal.

NATO Secretary General Stoltenberg: Russian elections will not be fair and legal.

Nvidia (NVDA.O) fell 1.6% before the market opened. Several technology company executives said they planned to fight its dominance in the field of artificial intelligence software through the UXL Foundation.

NATO Secretary General Stoltenberg: European allies jointly decided that military spending should account for 2% of GDP.

NATO Secretary General Stoltenberg: Ukraine lacks ammunition.

ECB Executive Member Schnabel: The “soft” lower limit means that the Board of Governors will tolerate deviations from the Deposit Facility Rate (DFR).

ECB Executive Member Schnabel: Once the balance sheet begins to resume sustained growth, we will begin to provide reserves through new long-term refinancing operations.

ECB Executive Member Schnabel: The size and composition of the new investment portfolio, as well as the pricing and tenor of long-term refinancing operations, will be chosen to minimize its impact on the stance of monetary policy.

ECB Executive Member Schnabel: It remains to be seen whether the spread between the main refinancing rate (MRO) and the deposit facility rate (DFR) is sufficient to effectively restore money market activity.

US President Joe Biden: US Steel (XN) should remain US-owned and domestically operated.

UK Maritime Trade Operations Office: Received a report of an incident 50 nautical miles southeast of Aden, Yemen. An explosion occurred behind the vessel, but the vessel was undamaged and the crew reported safe. The ship is heading to its next destination port.