Baidu (BIDU.O) fell more than 1% before the market opened, after rising more than 2%.

Citi: Raised its second-quarter palladium average price forecast to $1,100 per ounce from $980 per ounce, and forecast an average price of $995 per ounce in 2024 (previously $965 per ounce).

Citi: Cuts iron ore 3-month price target from $150 to $130 per ton; palladium rebound will provide tactical opportunities for speculative selling and producer hedging; continues to see the palladium market in a structural long-term decline trend.

GBP/USD fell more than 0.50% on the day and is now at 1.2622.

USD/CAD rose 0.4% on the day to 1.3587, the highest level since December 13 last year.

Russian Deputy Prime Minister Novak: Russia and Iran cooperate effectively within the OPEC+ framework.

The South African rand fell more than 1% against the US dollar on the day.

Russian Presidential Press Secretary Peskov: Russian President Putin will not meet with visiting representatives of the Palestinian Islamic Resistance Movement (Hamas) in Moscow.

The price of basic electricity for next day delivery in Germany fell by 13.3% to 62.50 euros per megawatt hour.

U.S. stock index futures continued to fall, with S&P 500 futures down 0.41%, Nasdaq futures down 0.58%, and Dow futures down 0.33%.

Nasdaq 100 futures extended losses to 0.5%, hitting session lows.

According to Interfax: Rosatom’s external revenue hit a record in 2023, exceeding US$16 billion.

EUR/USD fell below 1.08, down 0.42% on the day.

Driven by the rise in Bitcoin, the ProShares Bitcoin Strategy ETF rose 3.8% before the market opened, and the iShares Bitcoin ETF rose 3.9% before the market opened.

ECB Vice President Guindos: Decisions depend on data, not dates.

ECB Vice President Guindos: If new data confirm our recent assessment, the ECB will revise its monetary policy.

ECB Vice President Guindos: The recent outlook for inflation is very positive, prices will continue to fall and we need to ensure that prices move towards our 2% target.

ECB Vice President Guindos: The ECB will cut interest rates when it is convinced that inflation will reach 2%.