Morgan Stanley expects the ECB to cut rates for the first time in the second quarter of 2024 and reach a neutral rate of 2% in the first quarter of 2025.

In premarket trading on the Swiss stock exchange, Credit Suisse rose more than 1 percent after UBS announced the completion date of the acquisition.

The Ukrainian ground forces commander said Ukrainian troops continued to "advance" near Bakhmut, without mentioning the Ukrainian counteroffensive.

Indonesian Finance Minister: Indonesian government keeps 2024 GDP target unchanged, despite risks.

Credit Suisse expects that UBS will complete the acquisition of the bank as early as June 12, 2023, and the shares of Credit Suisse Group will be delisted accordingly.

UBS: UBS Group will assume all the assets and liabilities of Credit Suisse Group.

UBS: Credit Suisse shareholders will exchange 22.48 Credit Suisse shares for 1 UBS share.

Foreign tourist arrivals in Indonesia rose 276.31 percent year-on-year to 865,810 in April.

Morgan Stanley strategists downgraded European financials to a neutral rating.

OPEC+ announced that the voluntary production reduction agreement will be extended from the end of 2023 to the end of next year; Biden signed the debt ceiling bill to temporarily avoid the US government from falling into debt default. At present, the proportion of short positions in US oil has increased, and the buying signal of US stocks is strong. What is the market outlook? Lock in GAIN Capital Daily Market Barometer Updates

Bank Indonesia expects the headline consumer price index to fall to 3.3% by the end of the year.

Governor of the Bank of Indonesia: The Indonesian rupiah is expected to appreciate in the future.

The Turkish lira fell more than 0.6 percent to 21.10 per dollar.

Federation of Indian Automobile Dealers Associations (FADA): Retail sales of passenger vehicles in India reached 2,98,873 units in May, up 4.3% year-on-year.

Market news: Vietnam will reserve 220,000 tons of rice to ensure food safety.