ECB Governing Council member Holzmann: Some early wage data show that wage growth is quite large.

Brent crude oil fell below $77 per barrel, down 1.53% on the day.

ECB Governing Council member Nagel: The mistake of cutting interest rates too early should be avoided.

According to Nikkei: Toyota Motor (TM.N) plans to produce 10.3 million vehicles this year.

ECB Governing Council member Nagel: The ECB will make decisions at each meeting based on data.

ECB Governing Council member Nagel: Markets are sometimes too optimistic.

ECB Governing Council member Nagel: Inflation is still too high.

Traders: The Reserve Bank of India further extends the trading hours of the government bond market to 6 pm Indian Standard Time.

Spokesperson for the British Prime Minister: The British government is open to amending the Rwanda Act.

Chief Houthi negotiator: We do not want the situation to escalate and we regret the militarization of the Red Sea by the United States and Britain.

Chief Houthi negotiator: All other ships in the Red Sea and Arabian Sea are safe except for ships bound for Israel.

Chief Houthi negotiator: Our position on the conflict in Gaza has not changed and will not change after the US-led air strikes against the Houthis in Yemen.

Russian oil exports and transit from the Black Sea port of Novorossiysk have been suspended since January 14 due to the storm, sources said.

Officials from the Indian Ministry of Trade: Due to delays in incoming ships on long routes, the sailings of most ships have been affected and delayed by 2-3 weeks. Shipping costs increase due to rising freight rates.

Indian Trade Ministry Official: According to export agencies, shipments of goods have been suspended due to high freight and surcharges.

Officials from the Indian Ministry of Trade: 80% of merchandise trade between India and Europe passes through the Red Sea.