Danish Prime Minister: Denmark will spend 2% of its GDP on defense from next year.

Spot palladium rose more than 2.00% during the day and is currently trading at $1,060.64 per ounce.

Danish Prime Minister: Denmark will extend military conscription service.

GBP/USD rose to 1.28, up 0.06% on the day.

Turkish Banker: The Turkish Central Bank’s partial blockade of the lira reserve requirement will squeeze liquidity and push up deposit rates.

Russian Finance Minister Siluanov: Revenue from privatization is expected to reach at least 100 billion rubles in 2024.

Yata, advisor to the Japanese Prime Minister: (When asked whether the wage proposal may push for an end to negative interest rates in March) The government will not interfere with the Bank of Japan’s independent policymaking.

Yata, advisor to the Japanese Prime Minister: This year’s wage increase may exceed last year’s, and wage growth must continue next year and beyond to defeat deflation. Workers’ wages must be raised nationwide, in every county.

Turkish bankers said that Turkish banks with assets exceeding 100 billion lira will implement a 15% lira reserve ratio.

A fire at an oil refinery in Ryazan, Russia, has been extinguished, regional officials said.

Two security sources said Israel attacked a car near the southern Lebanese city of Tyre, killing two passengers.

Turkish bankers said that Turkish banks with assets exceeding 500 billion lira will implement a 25% lira deposit reserve ratio.

The Central Bank of Georgia set the key refinancing rate at 8.25%, from 9% previously.

South African Central Bank Governor Kanyago: Interest rates will remain high for a longer period of time.

South African Central Bank Governor Kanyago: High interest rates are necessary to stabilize inflation, but rising interest rates will also cause pressure.

South African Central Bank Governor Kanyago: South Africa’s bimodal regulation model is not yet mature.

ECB Governing Council member Villeroy: We will remain highly vigilant until inflation reaches 2%.

The difference between Italian and German 10-year government bond yields once hit a 26-month low of 123.80 basis points, and was last at 125.40 basis points.