[overnight global news you need to know on Tuesday] 1. U.S. president Joe Biden said he feels the U. S. debt ceiling agreement is expected to be passed. 2. The House rules Committee will hold a hearing on the debt ceiling agreement on Tuesday. 3. Monday is Memorial Day, and US stocks are closed for the day. Major European stock indexes closed lower, with Germany's DAX30 index falling 0.17%. Hernandez, the ECB's governing board, says the tightening cycle is coming to an end, but there is still a long way to go. 5. A number of Russian media, including RIA Novosti and Izvestia, reported that Russian President Putin signed a decree abolishing the Treaty on conventional Armed Forces in Europe. 6. The commander-in-chief of the Ukrainian army announced that the Russian army had fired 11 "Iskandar" missiles into Ukraine, all of which were shot down by Ukrainian air defense forces. 7. The Ukrainian parliament approved 50-year sanctions against Iran. 8. India will waive transmission fees for offshore wind power projects. 9. Brent July crude oil futures settled up 0.15% at US $77.07 per barrel. Elon Musk, chief executive of Tesla, a US electric car maker, is expected to visit China this week, according to three people familiar with the matter. If the trip is successful, it will be his first visit to China in three years. 11. Nvidia announced that the generative AI engine DGX GH200 has been put into mass production and can support trillions of parameters AI large model training.