U.S. Bank CFO: Loan growth is mostly moderate.

Market news: US Secretary of Defense Austin held talks with Israeli Defense Minister on the Gaza issue.

South African Reserve Bank: We now expect inflation to stabilize at our target of 4.5% in the second quarter of next year, an improvement from our March forecast.

South African Central Bank: There is still considerable uncertainty in the long-term global inflation outlook.

South African Reserve Bank: Core CPI is expected to be 4.7% in 2024 (previously expected to be 4.8%), and core CPI is expected to be 4.6% in 2025 (previously expected to be 4.6%).

South African Reserve Bank: CPI is expected to be 5.1% in 2024 (previously expected to be 5.1%), and CPI is expected to be 4.5% in 2025 (previously expected to be 4.6%).

South African Reserve Bank: GDP growth rate is expected to be 1.2% in 2024 (previously expected to be 1.2%), and GDP growth rate is expected to be 1.4% in 2025 (previously expected to be 1.4%).

U.S. President Biden will travel to France from June 5 to 9, and French President Macron will receive Biden on June 8. The two sides will discuss continued support for Ukraine, as well as other major issues.

Israeli government spokesman: Israeli security agencies will cooperate with European security agencies to prevent attacks on European territory.

Royal Bank of Canada CEO: The Bank of Canada should act earlier than the Federal Reserve and start cutting interest rates in the coming months.

NATO Secretary General Stoltenberg: Ukraine can still win, but only with the continued and firm support of NATO allies.

The Central Bank of Ukraine set the official hryvnia exchange rate at a new low of 40.5 hryvnia per dollar on May 31.

Israeli government: Military killed about 300 Palestinian militants in Rafah operation.

The U.S. two-year Treasury yield fell 3.5 basis points to 4.949%.

U.S. Treasuries extended gains after the U.S. data.

S&P 500 and Nasdaq 100 futures narrowed losses after the release of U.S. economic data.

The annual rate of the U.S. core PCE price index in the first quarter was revised to 2.8%, compared with the previous value of 2.9%.

The annual rate of the PCE price index in the first quarter of the United States was revised to 2.5%, compared with the previous value of 2.6%.