ECB Governing Council member Cazacs: Interest rates are likely to be cut this year.

The Central Bank of Russia: Banking industry profits are expected to reach 2.3-2.8 trillion Russian rubles in 2024.

Central Bank of Russia: Russian banking industry profits will reach a record 3.3 trillion Russian rubles in 2023, compared with 203 billion Russian rubles in 2022.

Financial website Forexlive commented on the Eurozone GDP data: The Eurozone economy barely avoided a technical recession in the last quarter of last year. This is largely due to strong growth in peripheral countries, most prominently Spain and Portugal. A more upbeat performance could help offset the poor performance of the German economy.

Tesla (TSLA.O) rose nearly 2% in pre-market trading.

Morgan Stanley: (Saudi Aramco halting capacity growth) should support Saudi Aramco’s dividend distribution in the short term; may pose headwinds to the oilfield services industry.

Morgan Stanley: (Regarding Saudi Aramco’s decision to stop production capacity growth) It may have a positive impact on oil prices in the short term.

Bernstein: Lowered the target price of JD.com (JD.O) from $31 to $28.

UK Insolvency Service: The pace of company insolvencies is the highest since the third quarter of 2014.

UK Insolvency Service: The number of company insolvencies in England and Wales in 2023 reached the highest level since 1993.

Tangen, CEO of Norway’s sovereign fund: The weight of the energy industry is now balanced.

Tangen, CEO of Norway’s sovereign fund: holds a balanced weight on technology stocks.

Tangen, CEO of the Norwegian Sovereign Fund: The Norwegian Sovereign Fund has slightly underweighted stocks.

Morgan Stanley is optimistic about the U.S. banking industry and believes that capital rules will play a positive role.

Kazakhstan’s Minister of Economy: GDP growth is expected to be 5.3% in 2024, higher than 4.9% in 2023.

Source: Germany to approve EU’s planned artificial intelligence bill.

According to The Times of Israel: The Israel Defense Forces said they destroyed a rocket launcher used to attack Tel Aviv yesterday.

CIO of hedge fund Bluebell Capital: BP.N has not yet been asked to stop investing in clean energy and should abandon its mechanical target of cutting oil supply.