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.

Talking about the meeting with President Joe Biden, Speaker of the U.S. House of Representatives McCarthy said that decisions must start to be made.

Ukrainian PM: IMF Ukrainian delegation to start work in Vienna on Tuesday.

Troy Rohrbaugh, head of global markets at JPMorgan Chase: The debt ceiling is a short-term trading theme, and most market participants expect to reach a resolution on this.

Troy Rohrbaugh, head of global markets at JPMorgan Chase: Fixed income, foreign exchange and commodities (FICC) and stocks performed very strongly in the second quarter of last year, and we expect a similar performance in the second quarter.