Ferrari (RACE.N) U.S. stocks rose 4.2% before the market opened, and European stocks rose 3% after its financial report showed fourth-quarter profit exceeded expectations.

Indian Finance Minister Sitharaman: India has improved its fiscal deficit, and rating agencies should pay attention.

British Navy: An explosion occurred on a ship near Yemen. The ship and crew are safe and will head to the next port of call.

Spot gold fell back below $2,030 per ounce, down 0.44% on the day.

Indian Finance Minister Sitharaman: India is seeing signs of private sector investment.

Hungarian Economy Minister: Ukraine deal will help Hungary tap EU funds.

Source: OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting begins with no discussion of policy changes on agenda.

Ukrainian President Zelensky: The EU approved a 50 billion euro aid package for Ukraine, which will enhance Ukraine’s long-term economic and financial stability.

COMEX gold futures fell below $2,050 per ounce, down 0.85% on the day.

Ministry of Economy of Ukraine: Ukraine is expected to receive its first aid payment of 4.5 billion euros from EU institutions in March.

Indian Finance Minister Sitharaman: Despite the challenges, India has successfully reduced its fiscal deficit.

EU diplomat: EU funds to Hungary will continue to be frozen.

EU diplomat: Agreement on EU aid to Ukraine includes annual discussions and review within two years if necessary.

The New Zealand dollar NZD/USD fell 0.50% on the day and is now at 0.6086.

The British Navy received reports of an incident 57 nautical miles west of Hodeidah, Yemen.

British Labor Shadow Chancellor of the Exchequer Rachel Reeves: The Labor government will not increase the British corporate tax rate.

Chief of Staff to Hungarian Prime Minister Orban: Before the EU summit, we proposed a compromise. If accepted, we will reach an agreement.

Swedish central bank president Tedden: In principle, bond auctions and easing policies can be carried out at the same time.