Many Fed officials continue to stick to the hawkish tone. The US retail sales data may indicate high inflationary pressures. The short position in spot gold accounts for 71%. What is the market outlook? Lock in GAIN Capital Daily Market Barometer Updates

Commander-in-Chief of the Ukrainian Armed Forces: Ukraine shot down six Kinzhal missiles last night.

According to the Ukrainian National News Agency: The General Staff of the Ukrainian Armed Forces announced that the Ukrainian army eliminated 520 Russian soldiers yesterday and destroyed 3 tanks and 12 armored vehicles of the Russian army.

Market news: Morgan Stanley may lay off more than 40 bankers in Asia.

Market news: Hungary will cut 10% of government jobs to increase employee wages.

European Central Bank Governing Council Stunara: The rate hike is nearing completion.

Ukrainian army chief: Ukraine shot down all 18 Russian missiles last night.

Market news: Vietnam plans to reduce coal use to 19% of electricity supply by 2030.

Market news: Morgan Stanley is considering laying off 7% of its investment bank staff in Asia.

[ANZ Bank: The U.S. is expected to suspend the debt ceiling to buy time for negotiations] S&P 500 futures fell during the Asian session as investors were cautious ahead of U.S. debt ceiling negotiations. Overall market sentiment appears to favor the risk-off theme amid uncertainty over the outcome of the debt ceiling talks. ANZ economists believe U.S. President Joe Biden and Republican leaders will reach an agreement to suspend the debt ceiling for several months to allow more time to negotiate a mutually satisfactory outcome. Negotiations during this period are likely to be difficult, causing volatility in financial markets and disrupting economic growth.

Polish Prime Minister: There is a possibility of cutting interest rates at the end of 2023.

Kazakhstan shipped 50,000 tons of oil to Germany via the Friendship pipeline in April.

According to the Financial Times: The United States and the European Union will step up efforts to coordinate sanctions policies.

Market news: Abu Dhabi National Oil Company of the United Arab Emirates is seeking to raise up to US$607 million through an IPO of its logistics subsidiary.

According to CNN: Serhiy Popko, director of the Military Administration of Kiev, Ukraine, said that Kiev encountered "exceptionally intensive" air strikes, and the enemy used drones, cruise missiles, and possibly ballistic missiles. The vast majority of enemy targets over Kiev were spotted and destroyed.