"New Debt King" Gundlach: It is expected that lower-quality fixed-income bonds will face the risk of default.

"New Debt King" Gundlach: The Fed is not expected to raise interest rates again.

"New Debt King" Gundlach: The possibility of a recession is quite high.

Spot gold rose by more than $7 in the short-term to $2,027.61 an ounce; the U.S. dollar index DXY fell 17 points in the short-term to 101.37.

On May 3, local time, the U.S. Department of Defense announced that it would provide Ukraine with additional military aid worth $300 million. According to a statement issued by the Ministry of Defense, the assistance includes additional ammunition for the "Hippocampus" multiple rocket launcher system, howitzers, artillery and mortar shells, and anti-armor weapons.

[The Sudanese Armed Forces agreed to the IGAD mediation initiative including continuing to extend the ceasefire for a week] On the evening of May 3 local time, the Sudanese Armed Forces stated that they had received a mediation initiative from the Intergovernmental Organization for Development of East Africa (IGAD). The initiative includes an extension of the current ceasefire for another week, with representatives from each side of the conflict appointing a representative to discuss the truce with a high-level mechanism comprising the presidents of South Sudan, Kenya and Djibouti, provided that such dialogue negotiations will take place in conjunction with the mechanism in agreed countries. The armed forces stated that considering the principle of solving African problems in an African way, the force agrees with the above-mentioned IGAD proposal, and proceeding from humanitarian principles, it is hoped that the Rapid Support Forces will abide by the armistice agreement.

Federal Reserve Chairman Powell: Clearly we need to strengthen regulation and supervision of large banks.

Fed Chair Jerome Powell: Speed of events at SVB suggests need to be reflected in regulation and norms.

Federal Reserve Chairman Powell: We have the ability to look at the data and make cautious assessments.

Federal Reserve Chairman Powell: We will continue to carefully monitor the banking system, which will play an important role in our decision-making.

Federal Reserve Chairman Powell: Three large banks (failures) were at the core of the stress in early March, and they have all been resolved now.

Federal Reserve Chairman Powell: Our job now is to identify regulatory and regulatory fixes and implement it.

Fed Chairman Jerome Powell: We need to factor in the credit crunch to determine whether our policy stance is restrictive enough.

Fed Chairman Jerome Powell: A particular focus now and going forward is the situation with tighter credit.

Federal Reserve Chairman Powell: The increase in profits is the result of high demand and low supply.

The central bank of the United Arab Emirates raised its benchmark interest rate by 25 basis points.

Federal Reserve Chairman Powell: Credit tightening complicates the assessment and increases uncertainty.

Federal Reserve Chairman Powell: The assessment of whether stricter policies are needed will be ongoing and will be conducted at each meeting.