Ukrainian Prime Minister Shmeygar: Ukraine has received 1.5 billion euros in EU aid.

Market News: The European Commission approves €17.7 billion in Italian government subsidies to support centralized power storage.

UAE Central Bank: Oil GDP is expected to grow by 8.1% in 2024.

UAE Central Bank: Non-oil GDP is expected to grow by 4.7% in 2024.

UAE Central Bank: Non-oil GDP is expected to grow by 5.9% in 2023.

UAE Central Bank: The UAE’s GDP is expected to grow to 5.7% in 2024.

National Highway Traffic Safety Administration: Volkswagen recalls 93,196 U.S. vehicles. Honda Motor Co (HMC.N) is recalling 2,539,902 U.S. vehicles.

British Foreign Secretary Cameron: The UK is trying to build consensus on providing assistance to Gaza.

Ukrainian Air Force: Russia has launched 7,400 missiles of different types into Ukraine since the conflict between Russia and Ukraine, of which 1,600 were shot down.

The Stoxx Europe 600 index extended its losses to 0.5%, hitting its intraday low.

Bank of America: Platinum has less exposure to the automotive sector, so tight supply has supported prices.

Bank of America: Based on our base case, we expect the palladium supply glut to rise and expect prices to average $750 per ton next year, possibly as low as $500 per ounce.

Fitch: Palm oil prices have failed to recover and further declines are likely.

Russian Ministry of Defense: NATO’s actions have a negative impact on the situation in Europe and pose the risk of further confrontation.

Ukrainian Air Force: Russia has launched 3,700 Shahed drones since September 2022, and Ukraine shot down 2,900 of them.

Hungarian Prime Minister Orban: The German Chancellor suggested that I leave the venue when a decision on Ukraine’s EU membership is made at the December summit.

Hungarian Prime Minister Orban: We do not want to link aid funds to Ukraine to Hungary’s economic problems. Any aid funding for Ukraine should remain outside the EU budget.

U.S. new energy vehicle stocks rose before the market opened, with Tesla (TSLA.O) rising 1.6%, Nikola (NKLA.O) rising 4.3%, and Lucid Group (LCID.O) rising 3.5%.

USD/RUB rose to 92 for the first time since December 11 against the Russian ruble.

Hungarian Prime Minister Orban: As the EU summit approaches on February 1, all this will become clearer.