For the third time since the start of the Israel-Hamas war, the United States has vetoed a United Nations Security Council resolution, blocking demands for an immediate humanitarian ceasefire.

Russian Energy Minister Shulginov: We must consider OPEC’s recommendations on production and we will determine export volumes based on our commitments.

Russian President Vladimir Putin: Russia is undergoing qualitative changes and becoming more confident in the fields of security and economic sovereignty.

Spot palladium rose more than 3% on the day.

Faraday Future (FFIE.O) rose more than 10%.

Market news: A Greek ship attacked by Houthi armed forces in the Red Sea arrived in Aden loaded with cargo.

The Israeli new shekel fell by more than 1% on the day, its largest single-day drop since February 8.

Market news: The United Nations Security Council held a meeting to discuss Middle East issues, including the situation in Palestine.

Ford (FN) announced that it will reduce the price of the electric Mustang Mach-e by $3,100 to $8,100.

Preliminary plans show that Angola plans to load 35 crude oil cargo ships in April, one more than in March.

Mexican President Lopez: Mexico has held talks with the Canadian government regarding Mexico’s refugee request.

According to the AXIOS website: The New York Times plans to launch a new generative artificial intelligence advertising tool later this year.

The three major U.S. stock indexes had divergent trends, with the Dow turning red, the Nasdaq falling more than 1%, and the S&P 500 falling 0.56%.

GlobalFoundries (GFS.O) rose more than 3% after the company received US$1.5 billion in subsidies from the US government to expand semiconductor production in the United States.

Reuters survey: The Bank of England will lower the bank interest rate to 4.75% in the third quarter of 2024, and the vast majority believe that the interest rate will be cut in August (the January survey expected the second quarter).

Reuters survey: The British economy is expected to grow by 0.3% in 2024 and 1.1% in 2025 (January survey was 0.4% and 1.2% respectively).

Sanofi (SNY.O) was higher before the market opened, rising 3.3%.

Market news: Adobe (ADBE.O) launched a beta version of its AI assistant.

According to the Boston Globe: Encryption supporter and well-known lawyer John E Deaton will compete with U.S. Democratic Senator Elizabeth Warren for her Massachusetts Senate seat in this year’s election.

The Australian dollar AUD/USD rose more than 0.50% during the day and is now at 0.6572.