[overnight global news you need to know on Saturday] On May 26th, Minister of Commerce Wang Wentao met with US Trade Representative Dai Qi while attending the APEC Trade Ministers' meeting in Detroit, USA. ② U.S. Treasury cash balance fell to $38.8 billion on Thursday, the lowest since 2017. ③ Treasury Secretary Yellen sent a letter to congressional leadership on the debt ceiling, which is expected to be exhausted by June 5. ④ US President Joe Biden administration officials say a debt ceiling deal could be reached on Friday, but could easily be delayed until the weekend. ⑤ European and American stocks are up 2.19%, the Nasdaq is up 2.51% this week, and the weekly line is up 5%. The S & P 500 is up 1.3%, up 0.32% this week, and the Dow is up 1% and down 1% this week. Among them, the S & P 500 and the Nasdaq closed at their highest close since August 2022. ⑥ US core PCE price index rose 4.7 per cent in April from a year earlier, with an expected 4.60 per cent and a previous value of 4.60 per cent. ⑦ US Republican debt ceiling negotiator Graves said the negotiators did not go any further towards reaching an agreement. ⑧ Russian President Vladimir Putin held a video meeting with the standing Committee of the Federal Security Council. ⑨ ECB governor Mahlov said his first option was to raise interest rates in June and July and was open to subsequent decisions. ⑩ Barclays expects the Bank of England to extend the tightening cycle to another 25 basis points in August after the June meeting; the BoE's terminal interest rate is expected to be 5 per cent. ⑪ UK Prime Minister Sunak discussed artificial intelligence (AI) with Pichai, chief executive of Google's parent company Alphabet. The settlement price of ⑫ international crude oil futures closed higher. WTI contracts rose 1.17 per cent in July and 1.36 per cent this week, while Brent crude rose 0.9 per cent in July and 1.81 per cent this week. ⑬ Brazilian Finance Minister Haddad said that Brazil will finalize its plan for cars next week, and that Brazil's plan to cut prices for cars is likely to last 3-4 months. ⑭ Apple agreed to pay $35 million to settle the iPhone audio lawsuit. Sam Altman, founder of ⑮ OpenAI, said OpenAI "plans to comply" with EU regulations and that the company will "seriously consider" opening a new office. ⑯ ConocoPhillips will buy the rest of Surmont from Total Energy for up to $3.3 billion. The settlement price of ⑰ COMEX June gold futures closed up 0.03%, down 1.88% this week. The Fed's reverse repo tool was used by the Federal Reserve at $2.19 trillion on Friday.