Market news: The United Nations Security Council held a meeting to discuss Middle East issues, including the situation in Palestine.

Ford (FN) announced that it will reduce the price of the electric Mustang Mach-e by $3,100 to $8,100.

Preliminary plans show that Angola plans to load 35 crude oil cargo ships in April, one more than in March.

Mexican President Lopez: Mexico has held talks with the Canadian government regarding Mexico’s refugee request.

According to the AXIOS website: The New York Times plans to launch a new generative artificial intelligence advertising tool later this year.

The three major U.S. stock indexes had divergent trends, with the Dow turning red, the Nasdaq falling more than 1%, and the S&P 500 falling 0.56%.

GlobalFoundries (GFS.O) rose more than 3% after the company received US$1.5 billion in subsidies from the US government to expand semiconductor production in the United States.

Reuters survey: The Bank of England will lower the bank interest rate to 4.75% in the third quarter of 2024, and the vast majority believe that the interest rate will be cut in August (the January survey expected the second quarter).

Reuters survey: The British economy is expected to grow by 0.3% in 2024 and 1.1% in 2025 (January survey was 0.4% and 1.2% respectively).

Sanofi (SNY.O) was higher before the market opened, rising 3.3%.

Market news: Adobe (ADBE.O) launched a beta version of its AI assistant.

According to the Boston Globe: Encryption supporter and well-known lawyer John E Deaton will compete with U.S. Democratic Senator Elizabeth Warren for her Massachusetts Senate seat in this year’s election.

The Australian dollar AUD/USD rose more than 0.50% during the day and is now at 0.6572.

Market news: French warships intercepted and destroyed two drones from Yemen in the Red Sea.

The U.S. dollar index DXY fell below 104, down 0.24% on the day.

USD/JPY fell back below 150, down 0.09% on the day.

Reuters poll: 40 out of 47 economists said the risk of the Fed cutting interest rates for the first time later than forecast is greater than earlier than forecast.

Reuters survey: 64 of 104 economists believe the Fed will cut interest rates by 100 basis points or less in 2024; 43 believe the rate cut will be 75 basis points or less.

Reuters poll: 86 of 104 economists said the Fed would cut interest rates in the second quarter, 53 thought it would be in June and 33 thought it would be in May.