Indonesian Minister: GDP growth rate is expected to be 5.3%-5.6% in 2025.

Microsoft (MSFT.O): In the UK, BT Group is trialling the Azure Carrier Call Protection service.

Microsoft (MSFT.O): Announced a public preview of Azure Carrier Call Protection, a new service that uses artificial intelligence to help protect consumers from scam calls.

Officials from the Indonesian Ministry of Trade: Indonesia has allocated an additional 1.6 million metric tons of rice imports this year.

Goldman Sachs: Still recommends going long the August 24/September 24 Brent oil futures time spread, and believes there is value in hedging tail risks when geopolitical prices surge.

Goldman Sachs: Despite the escalation of the situation in the Red Sea, it still adheres to the oil price forecast range of 70-90 US dollars.

Goldman Sachs: OPEC+ is expected to extend production cuts to the second quarter of 2024, and will gradually partially cancel the latest production reduction plan starting in the third quarter of 2024.

Goldman Sachs: Oil demand is expected to grow by 1.5 million barrels per day in 2024, raising its demand forecast for India and the United States.

Goldman Sachs: We took profit on the $70 put and $80/90 call spread on June 24 Brent futures and extended the trade to December 24.

Goldman Sachs: A sustained decline in Brent crude oil prices below $70 may require weaker demand and a shift in Saudi strategy.

Goldman Sachs: It still expects Brent crude oil prices to average $80 in 2025, which is $5 higher than the forward price.

Goldman Sachs: Brent crude oil is expected to rise slightly to a peak of $87 per barrel in the summer of 2024 (compared to the previous $85), as disruptions in the Red Sea lead to unexpected reductions in oil reserves in OECD countries.

Market news: U.S. Trade Representative Dai Qi will visit Abu Dhabi, United Arab Emirates, from February 26 to March 1.

U.S. Central Command: The missile hit the water and did not cause any damage or casualties.

U.S. Central Command: Yemen’s Houthi armed forces launched an anti-ship ballistic missile in the Gulf of Aden on February 24 that may have targeted the MV TORM THOR.

Chief Cabinet Secretary Hayashima Hayashi of Japan: It is expected that TSMC’s second factory will accelerate the formation of a virtuous cycle.

Market news: U.S. Treasury Secretary Yellen will travel to Sao Paulo, Brazil, on Monday to attend the G-20 event.

The main iron ore contract fell by 2.00% during the day and is now at 885.50 yuan/ton.

Spot gold fell below $2,030 per ounce, down 0.28% on the day.