WTI crude oil opened flat on Monday, at $73.59 a barrel.

Spot gold opened flat on Monday, at $1,924.7 an ounce.

[US President Biden arrives in the UK to hold talks with British Prime Minister Sunak] On July 9, local time, according to Reuters, US President Biden arrived in London, England, on the evening of the same day. It is reported that Biden will meet with British Prime Minister Sunak on the 10th and discuss climate change with King Charles III at Windsor Castle.

Market news: Dutch Prime Minister Rutte will face a no-confidence vote on July 10, local time. The cabinet government announced its collective resignation on July 7.

U.S. President Joe Biden and Turkish President Recep Tayyip Erdogan spoke on the phone, where they discussed issues to be considered by NATO leaders.

Kuwait Oil Minister: Kuwait and Saudi Arabia have "exclusive rights" in the Durra gas field.

US Geological Survey: A 5.4-magnitude earthquake struck 87 kilometers west-southwest of Banda Aceh, Indonesia.

Turkish Foreign Minister Lavrov had a phone conversation with his Russian counterpart.

ECB Governing Council Centeno: According to German IFO and PMI data, the economy is slowing down.

ECB Governing Council Centeno: Inflation will drop to well below 3% by the end of the year.

European Central Bank Governing Council Centeno: The goal of the European Central Bank is to focus on headline inflation, which is very important.

ECB Governing Council Centeno: All indicators show that inflation has peaked.

Bank of America: Those savings are shrinking at a rate of $70 billion a month. So at the current pace, the excess savings will be depleted in 9-10 months.

Bank of America: We estimate that U.S. consumers had about $675 billion in excess savings as of the end of May due to pandemic-era fiscal stimulus and spending distortions.

Total will invest $700 million to develop two oil fields in Algeria.

U.S. Treasury Secretary Yellen: It is still too early to rule out the possibility of a U.S. recession at this stage.

U.S. Treasury Secretary Yellen: U.S. inflation is still too high.

French Finance Minister Le Maire: The question is whether we want to import these metals or produce them domestically according to our environmental standards. I support the second option.

French Finance Minister Le Maire: The European Commission will be asked to include germanium and gallium in the list of raw materials that must be independent in Europe.

Italy has lifted a 10-year ban on Libyan civil aviation in Italian airspace, which will take effect in September, according to the Italian statement.