The Federal Reserve accepted $577 million from five counterparties in a fixed-rate reverse repo operation.

Russian foreign ministry spokesman said EU sanctions have so far caused instability in energy and food markets.

ASML (ASML.O) said after negotiations with Dutch unions it will cut fewer jobs than previously planned and that dismissals will not take effect until after May 1 next year. A union spokesperson said employees will be notified next month after consultation with the works council; affected staff have until May 2027 to secure new roles and may receive up to €400,000 in compensation. ASML said the final headcount will be set once the process is complete and the company aims to reduce the overall scale of the cuts; in January it had announced plans to cut about 1,700 roles, roughly 4% of its workforce.