Fed Chairman Jerome Powell will testify before the Senate Banking Committee on June 22.

Market news: Microsoft (MSFT.O) President Smith will hold talks with British Chancellor of the Exchequer Hunt on the rejection of the acquisition of Activision Blizzard (ATVI.O).

Intercontinental Exchange (ICE): Last week, the speculative net long position of Brent crude oil futures increased by 23425 contracts to 160300 contracts.

A spokesman for the British trade union said on the strike at Heathrow Airport that there will be large-scale industrial (strike) action, but the date will be adjusted.

Indian PM Modi: Rescue operation underway after train accident in Odisha.

According to the Press Trust of India (PTI): 50 people were killed and 350 injured in a train derailment in the Indian state of Odisha.

National Hurricane Center: Tropical Depression has intensified into Tropical Storm Irene (Arlene).

The Fed accepted a total of $2.142 trillion from 104 counterparties in fixed-rate reverse repurchase operations.

Baker Hughes: The number of U.S. oil rigs fell by 15 this week, the biggest drop since September 2021.

Baker Hughes: U.S. drillers cut the number of oil and gas rigs drilling for a fifth straight week.

The total number of drilling rigs in the United States in the week to June 2 was 696, compared with the previous value of 711.

Governor of the Central Bank of Brazil: The use of a currency by other countries is not a cause, but an effect.

U.S. Treasury yields continued to move higher, with the 10-year yield rising 7.50 basis points to 3.683%. Fitch previously maintained the U.S. credit rating on negative watch.

According to the British Financial Times: the European Union is discussing the provision of guarantees for natural gas storage in Ukraine.