Other news

Chile’s Enami is in talks with producers and trading firms to secure funding for its $1.4 billion Paipote copper smelter project. According to Bloomberg, the move is part of the country's efforts to reverse the decline in its processing capacity.

According to data released on Tuesday, the UK labor market is showing signs of slowing down. This points to a sharp drop in hiring ahead of this month’s tax hike on employers. At the same time, wage growth remains strong.

Former Bank of Japan official Kenzo Yamamoto announced a probable pause in interest rate hikes at the next BOJ meeting in May. The expert's forecast is due to the likely negative impact of Trump's policies on the economy of the Asian country.

The British Retail Consortium (BRC) and Barclays have forecast an increase in UK consumer spending in March, despite looming utility bill hikes and a challenging geopolitical landscape. Their data points to a 1.1% rise in retail sales year-on-year.

A decrease of the indicator value may contribute to the rise in quotes of Nickel, Platinum, Palladium, Copper.

Australia's central bank officials remain cautious about future interest rate cuts. According to the minutes of the regulator's April meeting, cited by Bloomberg, the “appropriate time” for policy review will be May.

No change of the indicator value may reduce the volatility of the related markets.

The Canadian dollar slipped from a five-month high against the greenback as oil prices dropped and investors braced for the Bank of Canada (BoC) interest rate decision later this week, Reuters reports.

Economists polled by Reuters expect the Bank of Canada to cut interest rates twice before the end of the third quarter. However, TD Securities chief strategist Andrew Kelvin believes the central bank will keep borrowing costs at 2.75% in April, awaiting clearer data on the impact of trade tariffs.

Barclays has revised its UK GDP growth forecast in the first quarter (Q1) up to 0.7%, following the release of optimistic economic data for February. The increase was caused by a significant rise in US export volumes by companies attempting to avoid future duties.