Korea (Republic of) Consumer Confidence (Mar) 107.0 (Prev. 112.1)
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Meta (META) found by jury to have violated New Mexico consumer protection law and has been ordered to pay USD 375mln in the lawsuit
Israel hit a Russian-Iranian weapons smuggling route in the Caspian Sea, according to WSJ
Korea (Republic of) Consumer Confidence (Mar) 107.0 (Prev. 112.1)
US Private Inventory Data (bbls): Crude +2.3mln (exp. -1.4mln), Distillate +1.4mln (exp. -1.4mln), Gasoline +0.5mln (exp. -1.9mln), Cushing +4.0mln
US is said to have sent Iran a plan to end the Middle East war, according to NYT
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Context
The drop in South Korea's consumer confidence from 112.1 to 107.0 indicates a weakening sentiment among consumers. This decline may raise concerns about domestic consumption, potentially impacting future economic growth and influencing monetary policy discussions ahead.
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