ECB Governing Council member Nagel: We should adopt a very cautious attitude towards the first interest rate cut.

ECB Governing Council member Nagel: I don’t think the Fed is as important to ECB policy as some people think.

ECB Governing Council member Nagel: It’s too early to draw conclusions about wages.

ECB Governing Council member Nagel: We are observing Germany’s still quite high salary requirements.

ECB Governing Council member Nagel: Energy prices, wages and profits are causing uncertainty.

A majority of German Bundesrat lawmakers approved tax cuts for businesses.

ECB Governing Council member Nagel: Will not speculate on current market expectations.

UBS Group strategist: He believes that the possibility of a slight correction in the stock market is relatively high.

ECB Governing Council member Nagel: He believes there is no automatic mechanism for cutting interest rates.

According to TASS: The Kremlin said that Russia cannot tolerate the presence on its borders of a country prepared to use any means to seize Crimea.

Market news: The EU proposes to impose punitive tariffs on Russian grain imports.

ECB Governing Council member Nagel: It looks like the inflation target will be achieved next year.

ECB Governing Council member Nagel: Rate cuts will depend on data.

According to TASS: The Kremlin says Russia needs to fully "liberate" its "new regions" to ensure the safety of local residents.

Government of India: Due to the Red Sea crisis, there may be a need to diversify trade routes and transportation options.

Government of India: Rising oil prices due to the Red Sea crisis may pose upward risks to inflation and thus impact economic growth.

Government of India: Red Sea crisis and ongoing shipping disruptions could have repercussions in Asia.

Indian Government: Due to the Red Sea crisis, increased freight costs, higher insurance premiums and longer shipping times could make imports significantly more expensive.