ECB Governing Council Member Wensch: Due to high prices and rising wages in the service industry, the ECB will act cautiously.

ECB Governing Council member Wensch: The ECB can take action before wage inflation drops to 3%.

Sources said Samsung Electronics is negotiating with material manufacturers including Nagase for the supply of "MUF" chip manufacturing materials.

Sources revealed that Samsung Electronics plans to introduce "MUF" chip manufacturing technology to produce HBM chips for artificial intelligence chipsets.

Polish President Duda: He hopes the United States will build a second nuclear power plant for Poland.

Brazilian Vice President: USD/BRL between 4.9-5 is competitive and helps our exports.

Semiconductor company SiFive plans to sign a lifetime royalty agreement worth $180 million this year as it plans to compete with Arm in the chip design market. The company expects licensing revenue to increase from US$38 million to US$60 million in 2024.

The Hong Kong Stock Exchange of Michael Group announced that it has applied to issue 225 million shares through the Hong Kong IPO. The issuance price guidance range is HK$3.30-4.30 per share. The stock is expected to start trading on March 21.

According to Nikkei: Japanese heavy industry company IHI will establish fighter jet research and development bases in the UK and Italy.

The National Transportation Safety Board will hold a hearing on the issue of Boeing 737-9 MAX door bolts falling off on August 6-7.

Polish President Duda: We discussed expanding nuclear energy cooperation with US President Biden.

The United States is considering asking partners and allies to fund privately operated Gaza shipping aid ahead of a major U.S. military operation, U.S. officials and sources said.

In the week to March 8, API crude oil production in the United States was 325,000 barrels per day, compared with the previous value of 510,000 barrels per day.

The United States imported 152,000 barrels/day of API refined oil products in the week to March 8, compared with the previous value of 210,000 barrels/day.

U.S. API crude oil imports in the week to March 8 were -1.411 million barrels, compared with the previous value of 560,000 barrels.

U.S. API heating oil inventories in the week to March 8 were 972,000 barrels, compared with the previous value of -580,000 barrels.

Market news: Coinbase (COIN.O) is reported to provide a coupon of 0.5%-1.0% for $1 billion of convertible bonds and set the note conversion premium at 27.5%-32.5%.

U.S. API refined oil inventories for the week to March 8 were -1.162 million barrels, compared to expectations of 400,000 barrels, and the previous value was -1.77 million barrels.

After the release of API crude oil inventory data, U.S. and Burundi oil prices rose slightly.