HIGHLIGHTS

ECB's de Guindos says core inflation more persistent than expected; tightening is mostly done but still have a way to go Higher interest rates boost banks’ NII, but the benefits could be somewhat smaller than previously anticipated. Future policy steps hinge on the upcoming data.

US House Speaker McCarthy says a debt ceiling deal by Sunday is doable

Manchester United (MANU) bid by Qatari buyer is as much as GBP 5.5bln, according to a Guardian article posted Tuesday but garnering recent attention

Russian Deputy PM Novak says Russia and Iran consider the possibility for mutual trade settlements in the Yuan

Swiss Upper House of Parliament has approved the recommendation for a probe into the Credit Suisse (CSGN SW) collapse

White House National Security Adviser Sullivan says Australia state visit can be postponed, but debt default cannot be postponed

US President Biden says confident US will not default, confident in getting a budget agreement; had productive meeting on Tuesday Going to come together because there is no alternative.
This negotiation is about the outlines of what budget will look like. Will all meet again on Wednesday. When asked, says will not accept work requirements that will affect medical needs of people; there is a possibility of some work requirements.