The U.S. annualized real GDP in the first quarter was $22,749.8 billion, compared with $22,768.9 billion in the previous quarter.

The annualized quarterly rate of the U.S. PCE price index in the first quarter was revised to 3.3%, compared with the previous value of 3.4%.

The revised annualized quarterly rate of the U.S. core PCE price index in the first quarter was 3.6%, in line with expectations of 3.70% and the previous value of 3.70%.

The four-week average of initial jobless claims in the United States for the week ending May 25 was 222,500, compared with 219,750 in the previous week.

The number of people continuing to apply for unemployment benefits in the United States in the week ending May 18 was 1.791 million, compared with expectations of 1.797 million and the previous value of 1.794 million.

North Sea Bfoet crude oil loadings are set to increase to 587,000 bpd in July.

July loadings of North Sea Forties crude are set at seven cargoes.

Goldman Sachs COO: The Fed must eliminate inflation and cannot back down.

Goldman Sachs COO: The macro backdrop has become more benign and constructive.

According to Interfax: Norilsk Nickel expects the global nickel supply surplus to reach 100,000 tons and the global palladium supply shortage to reach 300,000 tons in 2025.

According to Interfax: Norilsk Nickel expects that by 2024, the global nickel supply surplus will reach 100,000 tons and the global palladium supply shortage will reach 900,000 tons.

Market news: Google and augmented reality startup Magic Leap will form a strategic technology partnership.

The Baltic Dry Index rose 0.61% to 1,801 points.

Market News: The Israeli military has lifted a ban on the sale of food from Israel and the occupied West Bank to Gaza.

According to the Iranian news agency Student News Network (SNN): Iranian Supreme Leader Khamenei met with Syrian President Assad in Tehran.

Market news: The State Bank of Vietnam once again called for a reduction in loan interest rates.

Reuters poll: 14 of 29 economists believe that the Bank of Canada will cut its overnight rate to 4.00% by the end of 2024, including 14 who believe that the rate will be 4.25% or above, and 1 who believes it will fall to 3.75%.

Reuters poll: 22 of the 29 economists surveyed believe that the Bank of Canada will cut its overnight interest rate from 5.00% to 4.75% on June 5, while 7 believe that the interest rate will remain unchanged.