European Central Bank Vice President Guindos: Domestic inflation remains strong.

ECB Vice President Guindos: Monetary policy is working.

ECB Vice President Guindos: Growth risks tend to be to the downside.

ECB Vice President Guindos: The euro zone economy is still weak.

Bank of Spain: Vulnerabilities include high public debt and financial stress on businesses and households. Asset quality is expected to deteriorate in the coming quarters due to the high interest rate environment.

Bank of Spain: The latest information shows that Spain’s economic growth trend was moderate in the fourth quarter.

Bank of Spain: Risks include higher and more persistent inflation, as well as downward pressure on economic growth.

Bank of Spain: Geopolitical risks to Spain and global financial stability have increased with rising tensions in the Middle East.

The Baltic Dry Index fell 3.9% to 1,502 points.

Market news: Ukrainian presidential adviser Podolyak denied that Ukraine played any role in the unrest in Dagestan, Russia.

S&P: Fed officials are likely to keep interest rates at a higher level until inflation shows a significant decline.

Fitch: Capital spending by oil and gas producers in Asia-Pacific will remain stable.

Market news: North Sea Ekofisk crude oil loading volume was 11 ships in December.

According to TASS: The Russian Foreign Minister said that the unrest in Dagestan was the result of provocations planned and carried out from outside, in which Ukraine played a major role.

Market news: North Sea Brent crude oil loading plan in December is 3 vessels.

Western Digital (WDC.O) rose sharply before the market opened and is now up nearly 10% after announcing that it would split into two listed companies.

Western Digital (WDC.O) Q1 revenue for fiscal year 2024 was US$2.75 billion, compared with US$3.74 billion in the same period last year, and market expectations were US$2.65 billion.

Western Digital (WDC.O) will split into two publicly traded companies.