A daily market update from FS Insight — what you need to know ahead of opening bell

"There are far, far better things ahead than any we leave behind.” — C.S. Lewis

Overnight

Israel set a March 10 deadline for the return of all hostages held by Hamas, warning it would otherwise push into Rafah. link

Houthis strike U.K.-owned, Belize-flagged Rubymar cargo ship in Bab al Mandeb strait with anti-ship ballistic missile. Crew abandons disabled vessel. link

European Commission President Ursula von der Leyen seeks new term amid Ukraine, U.S. challenges. link

Chinese Coast Guard boards Taiwan tour boat as dispute escalates. link

Capital One buying Discover Financial in $35 billion deal for vastly increased payments ecosystem power. link

Apple faces €500 ($539) million fine from the EU over allegedly breaking antitrust law in the streaming-music space. link

U.K. court hears WikiLeaks founder Julian Assange’s latest, possibly last legal attempt to avoid extradition to the U.S. on espionage charges. link

Chinese banks cut mortgage reference rate by 0.25-percentage-points, the most on record, as new data showed FDI at 30-year low. link

Auto parts giant Forvia to cut up to 10,000 jobs amid global shift to EVs. link

Biden administration giv...

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