Troy Rohrbaugh, head of global markets at JPMorgan Chase: Once the debt ceiling issue is resolved, market focus will turn to expectations for the Fed and inflation, as well as the prospect of a recession.

Doug Petno, head of commercial banking at JPMorgan Chase: Since the market turmoil in March, we have seen a large influx of new customers.

Market news: First Citizen sues HSBC for poaching dozens of Silicon Valley Bank employees.

OpenAI: Coordination is required to ensure the safe and stable development of artificial intelligence.

OpenAI leaders say the degree to which development needs to be coordinated.

The U.S. Metropolitan Transportation Authority said New York City subway and bus fares will rise to $2.90 in August, the first fare increase since 2019.

European Central Bank Governing Council Hernandez de Kos: The impact of interest rate hikes on inflation will peak in 2024.

European Central Bank Governing Council Hernandez de Kos: In order to achieve the inflation target, interest rates will have to remain in a tight range for some time.

European Central Bank Governing Council Hernandez de Kos: The ECB still has some way to go before it can tighten monetary policy.

Microsoft co-founder Bill Gates: Impressed with Inflection AI, a startup backed by entrepreneur Reed Hoffman.

Microsoft co-founder Bill Gates: Top artificial intelligence agents will replace search engines, productivity tools and Amazon.

Bill Gates, co-founder of Microsoft: The key to winning key technology races is developing top AI agents.

McCarthy, Speaker of the US House of Representatives: President Biden must take the issue seriously.

McCarthy, Speaker of the US House of Representatives: We will continue to work hard, and there is no agreement in sight yet.

McCarthy, Speaker of the US House of Representatives: Negotiators (in local time) had a productive meeting this morning.

Goldman Sachs: We believe that the oil market is too pessimistic. It is expected that from June onwards, with the full implementation of OPEC+ production cuts and a further rise in demand, there will continue to be insufficient supply.

Goldman Sachs: We estimate that the forward curve reflects all major bearish risks to our December 2023 Brent forecast of $95/bbl.

Goldman Sachs: U.S. recession fears may be weighing on oil prices.

The Fed took in a total of $2.275 trillion from 105 counterparties in fixed-rate reverse repurchase operations.

Spot gold rose slightly by US$3 in the short term and is now at US$1977.74 per ounce.