The main iron ore contract rose more than 4% to 714.5 yuan/ton.

Reuters poll: Bank of Thailand to raise key interest rate to 2.00% on May 31 and keep it there until end-2024 (same as April poll).

Canadian Prime Minister Justin Trudeau: On behalf of the Canadian government, I congratulate Turkish President Recep Tayyip Erdogan for his re-election.

Omani Foreign Minister: The main objective of the bilateral agreement between Oman and Iran also includes the establishment of direct links between the ports of the two countries.

Foreign Minister of Oman: Oman and Iran will work together to promote the bilateral agreement signed by the two countries. The main goal is to strengthen cooperation in various fields, including oil, natural gas, renewable energy, tourism, agriculture, industry and navigation.

Affected by the news about the U.S. debt ceiling, the Japanese stock market rose sharply after the opening bell. The Nikkei 225 index once broke through the integer mark of 31,500 points, setting a new high since the collapse of the Japanese bubble economy.

Mayor of Kiev: There was an explosion in the city, and the air defense system has been activated.

The Finnish, Norwegian and Swedish air forces will hold the largest "Arctic Challenge 2023" exercise from May 29 to June 9, involving 150 aircraft from the armed forces of 14 countries, the Finnish Air Force said.

The text shows that the debt ceiling agreement will approve the Valley natural gas pipeline project through the US state of West Virginia.

Tip: The text of the US debt ceiling agreement bill is 99 pages long.

The text shows that the debt ceiling agreement will authorize a 1% increase in defense spending in fiscal year 2025.

The text shows that the debt ceiling agreement will authorize $886 billion for defense spending in fiscal year 2024; it will also authorize $703 billion for non-defense category spending in fiscal year 2024.

GBP/JPY rose to 173.95, its highest level since 2016.

U.S. Senate Minority Leader Mitch McConnell expressed support for the debt ceiling agreement and urged the Senate to pass the agreement.

US White House official: US non-defense discretionary spending in fiscal year 2024 will only decrease by US$1 billion compared with the previous year.

The Biden-McCarthy deal also provides protections against judicial review and expires in two years, White House documents show.

The agreement between U.S. President Joe Biden and U.S. House Speaker McCarthy calls for agencies to come up with provisions to offset significant budget costs, but offers broad immunity, according to White House documents.

White House: Debt deal will neither cut health care nor increase poverty.

Market news: US Secretary of State Blinken will travel to Sweden, Norway and Finland from May 29 to June 2.