Market news: The US Supreme Court declined to hear a challenge to the legality of gun restrictions on 18- to 20-year-olds.

ECB governing council member Rehn said inflation dynamics have not weakened expectations.

Germany and the Netherlands opened a military headquarters in the Baltic region to deter Russia, with the German-Dutch 1st Corps assuming part of NATO’s eastern-flank defence from NATO’s Multinational Corps Northeast at a ceremony in Valga, Estonia. German Defence Minister Pistorius said the new high-capability headquarters raises readiness, tightens command-and-control and strengthens deterrence. US Army Gen. Donahue, commander of NATO Allied Land Command, welcomed the move and said European states are taking on more responsibility than in the past 35 years; the handover comes ahead of next week’s NATO summit.