Brent crude oil rose more than 2% in the day and is now at $74.36 a barrel; WTI crude oil is now up nearly 2.5%.

US President Biden: Will eliminate tax loopholes for cryptocurrencies and hedge funds.

US President Joe Biden will travel to New York on June 29.

US President Biden: Regarding infrastructure construction, we are supporting targeted investment.

The Fed accepted a total of $1.945 trillion from 101 counterparties in fixed-rate reverse repurchase operations.

U.S. President Joe Biden has stressed the importance of increasing investment in long-term growth and innovation, including spending on research and development. He pointed out that the U.S.’s position in research and development has declined, and its ranking in infrastructure has also declined, which is unreasonable for having the best economy in the world without the best infrastructure.

US President Biden: (Referring to the vision for the US economy) Emphasizes the need to develop the economy from the middle out and from the bottom up, not just for the rich.

The U.S. 10-year Treasury yield fell 4.70 basis points on the day to 3.721%.

European Central Bank Governing Council Villeroy: The European Central Bank must be patient in maintaining terminal interest rates.

European Central Bank Governing Council Villeroy: We are close to the peak level of interest rates.

European Central Bank Governing Council Villeroy: We need to be patient enough for the duration of interest rates to remain high.

European Central Bank Governing Council Villeroy: Since monetary policy lags, the length of monetary policy transmission is more important than the level.

European Central Bank Governing Council Villeroy: This round of policy transmission may be slow.

Deutsche Bank cut its 2024 Brent crude oil price forecast by 8.3% to $82.5 a barrel; it lowered its 2023 price forecast by 1.5% to $81.3 a barrel.

Deutsche Bank: Still expects (the oil market) to be in deficit in the second half of 2023, pushing up spot prices.

Governor of New York State: The air quality health advisory has expanded to the entire state. If the air quality index exceeds the "very unhealthy" threshold of 200 for more than an hour, emergency phone calls will be activated.

European Central Bank Governing Council Villeroy: It is expected that real wage growth will catch up and there will be no price spiral.

ECB Governing Council Villeroy: Inflation expectations remain stable.

U.S. natural gas futures fell as much as 3.00% on the day and are now trading at $2.705/MMBtu.