Market news: U.S. start-up Rocket Lab America will buy some assets of Virgin Orbit (VORB.O) for $16.1 million.

ECB Governing Council Nagel: Peak interest rates need to be maintained long enough until inflation continues to fall.

ECB Governing Council Nagel: Many interest rate hikes are needed to control inflation.

Russian Ministry of Defense: The Russian border has not been violated, and Russian fighter jets have returned to their bases.

Russian Ministry of Defense: Russian fighter jets were dispatched to prevent border crossings.

Russian Ministry of Defense: Two US Air Force strategic bombers were detected over the Baltic Sea close to the Russian border on Tuesday.

Market news: Federal Reserve Chairman Powell left the venue to meet with Democrats.

Punchbowl reporter: After about two hours of debt ceiling negotiations, US White House negotiators left the Capitol.

The Fed accepted a total of $2.257 trillion from 102 counterparties in fixed-rate reverse repurchase operations.

Yields on U.S. 2-year Treasury notes fell slightly after the auction.

McCarthy, Speaker of the US House of Representatives, said: Once an agreement is reached, the House of Representatives will take the lead in taking action.

Spot palladium fell 3%.

McCarthy, Speaker of the US House of Representatives: We will keep working until everything is done.

The Speaker of the US House of Representatives McCarthy said that he has not yet spoken to US President Biden today.

International Copper Industry Research Group: The global refined copper market will have a surplus of 2,000 tons in March.

Market news: Antofagasta mining supervisor to vote on new wage proposal in Chile.

Senator Pacheco, Democratic Party of Brazil: Lowering interest rates in Brazil is the purpose of all of us.

The S&P 500 and Nasdaq 100 fell sharply, hitting intraday lows.

Lagarde, President of the European Central Bank: We will bring inflation back to the 2% target level in the medium term.