02:45:21
US Senate Majority Leader Schumer: Democrats unanimously support debt ceiling plan.
02:43:02
The Australian dollar AUD/USD was down 0.50% on the day to trade at 0.6593.
02:22:28
Brent crude oil fell to 78 US dollars / barrel, a new low since the end of March, and fell 3.21% on the day.
02:20:59
US President Biden: I am very happy to meet with the Speaker of the US House of Representatives McCarthy, but I will not discuss whether to extend the debt ceiling. There is no room for negotiation. It is absolutely wrong not to extend the debt ceiling.
02:15:10
US Senate Minority Leader Mitch McConnell: US President Biden and US House Speaker McCarthy need to reach an agreement on the debt ceiling.
02:14:34
The intraday decline of US and Brent oil rapidly expanded to 3%, both falling US$2 within the day, and are now at US$74.76/barrel and US$78.15/barrel respectively.
02:12:55
Market news: The US Republican debt ceiling bill has made progress and is about to be debated in the House of Representatives and may be voted through.
01:58:41
Nancy Mace, Republican of the United States: I am now in favor of the debt ceiling bill, and I have previously expressed opposition.
01:57:22
South Korean President Yoon Seok-yue: Agreed to continue efforts to strengthen the tripartite cooperation between South Korea, Japan, and the United States.
01:56:45
South Korean President Yoon Suk-yue: South Korea and the United States signed a separate statement agreeing to strengthen investment in quantum technology.
01:55:24
South Korean President Yoon Suk-yue: Agreed to negotiate with the U.S. on an inflation-cutting bill.
01:54:51
Fitch: The strong rebound in U.S. home sales may be temporary, and mortgage rates are expected to remain high for an extended period of time.
01:54:30
South Korean President Yoon Suk-yue: The United States and South Korea agreed to strengthen economic partnerships in areas such as chips, electric vehicles and batteries.
01:53:23
Fitch: U.S. national home sales are likely to continue to grow at a slower pace as affordability concerns and inventory shortages persist.
01:52:21
The U.S. Department of Transportation said the Republican proposal would cut nearly $5.2 billion in funding for U.S. public transit and highway infrastructure projects.
01:51:51
The U.S. Department of Transportation estimated that the Republican proposal would shut down service to 375 air traffic control towers run by federal employees and contractors, adding more than two hours to wait times at large airports.
01:51:31
The U.S. Department of Transportation estimates that the Republican proposal would result in 7,500 fewer days of rail safety inspections and more than 30,000 fewer miles inspected each year.
01:47:56
U.S. President Joe Biden: Discussed the Ukraine issue with South Korean President Yoon Suk-yue.
01:37:15
BoC Governing Council deliberations summary: Government spending has not eased inflationary pressures.
01:37:05
Summary of the deliberations of the Bank of Canada Governing Council: The Bank of Canada considered raising interest rates in April.