IMF: The IMF and Pakistani authorities have made significant progress towards reaching a working-level agreement on an expanded funding facility.

According to Interfax: A Russian court announced that it will continue to detain American soldier Gordon Black.

The White House: U.S. Commodity Futures Trading Commission official Kristen Johnson is the leading candidate for FDIC chairman.

The Philippine stock index fell 1% to 6,591.44 points.

New Zealand Reserve Bank Deputy Governor Hawkesby: There are many uncertainties about future tradable inflation.

New Zealand Reserve Bank Deputy Governor Hawkesby: Rate cut is not part of recent discussions.

New Zealand Reserve Bank Deputy Governor Hawkesby: There is no single data point that will trigger an interest rate hike. We are paying attention to domestic inflationary pressures and expectations.

New Zealand Reserve Bank Deputy Governor Hawkesby: Although short-term inflation risks are biased to the upside, we are confident that inflation will return to target in the medium term.

Silk, Assistant Governor of the Reserve Bank of New Zealand: The Reserve Bank of New Zealand is ready to raise interest rates if necessary, and the Reserve Bank of New Zealand is concerned about the rising risks of inflation in the near term.

World Bank: The Palestinian Authority’s fiscal situation has deteriorated sharply over the past three months, greatly increasing the risk of fiscal collapse.

U.S. Secretary of State Antony Blinken will meet with Kenyan President William Rutu at 8:30 a.m. ET.

Thai Prime Minister: Thailand will issue more sustainable development bonds this year.

Thai Prime Minister: Thailand seeks more investment in green hydrogen and carbon capture.

Thai Prime Minister: Thailand regards free trade agreement negotiations as a top priority.

Market news: Argentine President Milley plans to lower taxes after the reform bill is passed.

Tesla: "Moonlight Silver" paint is now available for Model S and Model X.

[CICC: Small business operating difficulties may be an important factor in the weakening economy, triggering the Fed to cut interest rates] CICC research reports pointed out that small businesses in the United States have a significant impact on employment, but they are not highly concerned. The repeatedly postponed interest rate cut cycle may be suppressing small business operations and cooling the job market. Fed Governor Waller said in a speech on May 22 that "if the data in the next three to five months continues to be weak, the Fed may consider cutting interest rates at the end of 2024." We believe that small business operating difficulties may be an important factor in the marginal weakness of economic data, triggering interest rate cuts. However, when the endogenous momentum of the economy is still strong, the interest rate cut will be more likely to be a "shallow interest rate cut", showing the characteristics of prudent fine-tuning, gradual and preventive, and the pull on terminal demand and corporate profits may be greater than the pull on asset valuations.

On the 24th local time, the South Korean government announced sanctions against seven North Korean individuals.

U.S. House Speaker Johnson: We will soon host a joint session of Congress with Israeli Prime Minister Netanyahu.

US Secretary of State Antony Blinken announced a review of all US cooperation with Georgia.