According to the TASS news agency citing the Kremlin: Russian President Vladimir Putin had a phone conversation with Palestinian leader Abbas.

Fitch: Higher interest rates will lead to higher funding costs (for large European banks), moderate pressure on asset quality, and slightly weakened profitability.

Minutes of the RBI meeting: Varma, a member of the Monetary Policy Committee, said that current signs indicate that the economic environment is becoming more favorable, both in terms of inflation and growth. Tight monetary policy must be maintained for a long time to stabilize the inflation rate at the target level of 4%. With inflation well below the upper tolerance band, there is a need to prevent real interest rates from getting too high.

Minutes of the RBI meeting: RBI Deputy Governor Patra said that inflation remains highly vulnerable to soaring food prices. Repeated episodes of food price spikes in the system lead to accumulation of price pressures that could have lasting effects.

Fitch: Large European banks will enter 2024 in a solid position.

Spot gold hit $2,060 per ounce, up 0.70% on the day.

The New Zealand dollar NZD/USD broke through 0.63, rising 0.10% on the day.

Market news: The Italian Senate approved the budget bill ahead of schedule.

The British government: From March 3, it will limit the increase in railway fares to 4.9%.

According to Nikkei: Daihatsu Industries, the small car division of Toyota Motor (TM.N), will suspend production at all domestic plants (in Japan) by the end of January.

European Commission President von der Leyen: The EU is considering a broader medium-term plan for 2024 to promote economic and political stability in the Gaza Strip and the West Bank.

According to the statement, the EU has provided more than 118 million euros to the Palestinian Authority.

Market news: The United States will impose tougher sanctions on banks that provide payment facilities for Russian military industrial companies to crack down on Russian President Vladimir Putin.

Zambia’s President: Delay in completing debt restructuring puts pressure on economic gains. 98% of official creditors signed a debt restructuring memorandum of understanding. We will continue to lobby for an agreement between official and private creditors.

Bank of America: The Bank of America Bull & Bear Index rose to 5 from 4.7, the highest since December 2021 and the largest four-week gain since April 2016.

Bank of America: In 2023, it set a record cash inflow of $1.3 trillion and a record inflow of U.S. Treasury bonds of $177 billion.

Bank of America: U.S. Treasury debt outflows ($9.2 billion) for the third consecutive week, the longest since February 2021; equity outflows were the largest since December 2022; technology stock outflows ($700 million) were 15 The biggest in weeks.

Bank of America: According to EPFR data, capital outflows were comprehensive in the past week, with US$300 million flowing out of the gold market, US$2.1 billion flowing out of the bond market, US$21.3 billion flowing out of the stock market, and US$26.1 billion flowing out of the cash market.

U.S. National Highway Traffic Safety Administration: Tesla (TSLA.O) is recalling some 2021-2023 Model S and Model X models because the interior doors may unlock in a collision. Tesla has released an OTA update to resolve the issue.