Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
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An increase of the indicator value may contribute to the rise in quotes of JPY.
23 June
A decrease of the indicator value may contribute to the fall in quotes of CAD.
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In the first two months of the 2025–2026 fiscal year, the UK government deficit totaled 37.7 billion pounds ($50.7 billion), running below forecast. The result gave a modest boost to Chancellor of the Exchequer Rachel Reeves as she faces growing pressure to meet budget limits.
20 June
Consumer confidence in UK continues to recover — GfK survey
UK consumer confidence has risen for the second month in a row, demonstrating the smallest decline since December last year. The GfK consumer confidence index rose by two points in June, reaching -18.
20 June
Global copper smelters are so desperate for raw materials that they're now paying mining companies to convert their concentrates into refined metal. So-called copper treatment charges, a core revenue source for these facilities, have turned negative since the start of the year, Reuters notes.
20 June
Bank of England kept monetary policy unchanged amid tensions in Middle East
The Bank of England kept borrowing costs unchanged at 4.25%. The regulator's decision was influenced by several factors. These included slowing economic growth in the country, accelerating inflation, and escalating geopolitical tensions in the Middle East.
20 June
A decrease of the indicator value may contribute to the fall in quotes of GBP.
20 June
Japan’s key inflation gauge rose more than expected to a new two-year high. According to the Ministry of Internal Affairs, consumer prices excluding fresh food climbed 3.7% from a year earlier in May. That is the steepest rise since January 2023.
20 June
A decrease of the indicator value may contribute to the fall in quotes of JPY.
19 June
Bank of Japan's cautious stance on monetary policy may keep country's capital overseas
According to Reuters, the Bank of Japan (BOJ) is taking a cautious approach to reducing its balance sheet. This decision may delay the repatriation of capital to Japan and slow the convergence of yields between foreign and domestic bonds.
19 June
