[overnight global news you need to know on Tuesday] 1. UBS has completed its emergency acquisition of Credit Suisse, which will now have more than $1.6 trillion in balance sheets and more than 120000 employees. 2. According to a survey by the New York Federal Reserve, one-year inflation expectations in the United States fell to 4.1 percent, a two-year low. 3. Bank of America CEO Moynihan said that the Fed is expected to keep interest rates unchanged in the near future and then begin to cut interest rates in 2024; the Fed may suspend interest rate cuts, but will not declare that the rate-raising cycle has been completed. 4. The European Union will impose penalties on Google under anti-monopoly law this week for alleged misuse of advertising technology. Sources say the EU's antitrust regulator may order Google to sell some of its advertising technology business. Us streaming company Netflix is in talks to broadcast its first live sports event this autumn, according to people familiar with the matter. 6. Dalio, founder of the Bridge Water Fund, said that US Treasuries are a "very" risky investment; US stocks will perform better than bonds; and gold is an insurance policy that maintains purchasing power. It is recommended that the allocation of gold in the portfolio should be around 15%. 7. The Federal Trade Commission (FTC) plans to sue Microsoft in federal court on Monday to prevent the company from completing its $69 billion acquisition of Activision Blizzard, according to people familiar with the matter. 8. GM's website announced plans to invest $632 million in the Fort Wayne assembly plant in preparation for the production of the next generation of full-size light pickup trucks for internal combustion engines (ICE). Oracle's fourth-quarter adjusted revenue was $13.8 billion, while analysts expected $13.72 billion; fourth-quarter adjusted EPS was $1.67 and analysts expected $1.58. 10. The chief executive of UBS said in an interview that about 10 per cent of Credit Suisse employees had left in the past few months. 11. The three major indexes of US stocks collectively closed higher, with the Dow up 0.56%, the Nasdaq up 1.53%, the S & P 500 up 0.94%, reaching a 13-month closing high, hot technology stocks rose generally, hot Chinese stocks were mixed, and the Nasdaq China Golden Dragon Index fell 0.09%. Tesla, the US stock, rose for 12 consecutive trading days, while Apple rose more than 1 per cent to $183.79, a new closing high. 13. WTI July crude oil futures closed down 4.35% at US $67.12 per barrel, while Brent August crude oil futures closed down 3.94% at US $71.84 per barrel. COMEX August gold futures closed down 0.38% at $1969.70 an ounce.