UBS: We forecast a modest palladium surplus of 50,000 ounces this year.

UBS Group: The price of palladium is expected to fall to US$900 per ounce by the end of 2024.

UBS: With palladium still trading at a premium to platinum, substitution of palladium for platinum in autocatalysts is expected to create a structural surplus in palladium this year.

UBS: Continues to maintain a negative outlook on palladium and is expected to remain a laggard in the precious metals industry this year.

According to Nikkei: Nissan is considering cutting production in China by 30%.

The Central Bank of Armenia lowered the key interest rate by 25 basis points to 8.5%.

UK government bond yields continued to fall, with 2-year, 5-year and 10-year government bonds falling 4-5 basis points on the day.

Trader: Kuwait has set the official selling price of KEC crude oil sold to Asia in April at a premium of 55 cents/barrel to Oman/Dubai, an increase of 30 cents from last month.

South Africa’s Power Minister: Power supply will improve within 3 months.

UBS CEO: UBS Group does not believe that Swiss reforms will produce major changes in capital rules.

Market news: Malaysian regulators will impose new fees on airport pick-ups and drop-offs from June.

Morgan Stanley: Lowered its TTF natural gas price forecast for the second and third quarters of 2024 from $8.5 per million British thermal units to $8.0 and lowered its fourth-quarter TTF natural gas price forecast from $10.5 per million British thermal units. down to $10.0.

British GMB union: Amazon (AMZN.O) workers in Coventry, England, will go on strike on March 19 and 20, and workers in Birmingham, England, will go on strike on March 27 and 28.

Azerbaijan Energy Ministry: BP.N produced 2.7 million tons of oil in January-February.

Market news: The Bank of Japan will guide the pace of bond purchases after ending yield curve control (YCC).

The UK 2-year government bond yield fell to its lowest level since February 1, at 4.203%, down about 3 basis points that day.

European Commission President von der Leyen: Bosnia is fully consistent with EU foreign policy and proposes to start EU accession negotiations with Bosnia.

UBS (UBS.N) CEO: It is expected that stock repurchases will continue after 2024, and the scale of repurchases depends on the progress of integration.

European Commission President von der Leyen: If the report is confirmed to be true, more sanctions will be considered against Iran.