Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
The S&P Global UK Composite Purchasing Managers' Index (PMI), a key indicator of private-sector economic health, rose to 50.7 in June, up from 50.3 in May, Reuters reports. The UK services PMI recorded its fastest growth in three months, rising to 51.3 in June.
As reported by CoinDesk, the crypto market remained volatile on Monday after Donald Trump claimed a deal between Iran and Israel was reached. Bitcoin gained nearly 3%, climbing back above $106,000 after dipping to $98,500 earlier.
Demand for Japan's 20-year bonds fell below the average level over the past year, according to Bloomberg. This indicates investor caution, despite the government adjusting its borrowing plans to reduce yields, the news agency adds.
No change of the indicator value may reduce the volatility of the related markets.
A decrease of the indicator value may contribute to the fall in quotes of Copper.
A decrease of the indicator value may contribute to the fall in quotes of GBP.
An increase of the indicator value may contribute to the rise in quotes of CAD.
A decrease of the indicator value may contribute to the fall in quotes of JPY.
An increase of the indicator value may contribute to the rise in quotes of AUD.
According to a private-sector survey, Japan's manufacturing activity saw an uptick in June for the first time in nearly a year, but it's still not clear what's going to happen with demand. There are worries about the new tariffs the US is enacting.