German Shipowners Association VDR: We do not see an easing of the situation in the Red Sea.

Ukrainian Cereals Association: Ukraine’s 2024 harvest may include 26.3 million tons of corn, 20 million tons of wheat and 13.7 million tons of sunflower seeds.

According to the draft text of the EU leaders summit: Iran may transfer ballistic missiles and related technologies to Russia for use in attacks on Ukraine. This news is very worrying. EU leaders are prepared to respond quickly, in coordination with international partners, including by taking significant new measures against Iran. EU leaders have called for preparations for further sanctions on Belarus, North Korea and Iran.

German Shipowners Association VDR: The impact of the situation in the Black Sea on the German fleet has eased, and the trapped German ships have been released.

Ukrainian Cereals Association: Ukraine’s cereal and oilseed export surplus in 2024/25 may decrease to 43.7 million tons from 53.1 million tons in 2023/24.

Ukrainian Cereals Association: Ukraine’s cereal and oilseed crop production is expected to fall to 76.1 million tons in 2024 from 82.6 million tons in 2023.

Russian Ministry of Defense: Ukrainian armed groups suffered heavy losses.

Russian Ministry of Defense: Ukraine is attempting to invade from three directions at the same time.

According to the draft text of the summit: EU leaders will urge Israel to restrain ground operations in Rafah and will call for "the immediate implementation of a humanitarian ceasefire in Gaza to achieve a sustainable ceasefire."

According to senior Iraqi sources: U.S.-Iran talks on a future U.S.-led military alliance may not take place until after the U.S. presidential election.

Kremlin: (Regarding Ukrainian drone attacks on Russia) Our military is taking all necessary measures. Ukraine attempts to attack Russian civilian targets. Our military is on alert and special military operations are still underway.

Morgan Stanley: The possibility of a UK interest rate cut in the second quarter is "seriously underestimated" and the base case for the first rate cut is May.

According to India Asia International News Agency: An Indian Air Force aircraft suffered an accident in Rajasthan.

UBS: We forecast a modest palladium surplus of 50,000 ounces this year.

UBS Group: The price of palladium is expected to fall to US$900 per ounce by the end of 2024.

UBS: With palladium still trading at a premium to platinum, substitution of palladium for platinum in autocatalysts is expected to create a structural surplus in palladium this year.

UBS: Continues to maintain a negative outlook on palladium and is expected to remain a laggard in the precious metals industry this year.

According to Nikkei: Nissan is considering cutting production in China by 30%.

The Central Bank of Armenia lowered the key interest rate by 25 basis points to 8.5%.

UK government bond yields continued to fall, with 2-year, 5-year and 10-year government bonds falling 4-5 basis points on the day.