Other news

S&P Global’s purchasing managers’ index for the UK rose to a six-month high of 52 in March, up from 50.5 the previous month. The index was well above the 50-point threshold that separates growth from contraction. The data was also better than analysts polled by Bloomberg had expected.

Economists at HSBC — one of the UK's largest banks — Elizabeth Martins and Emma Wilkes, now expect the Bank of England to cut interest rates on a quarterly basis. Previously, they had forecast a cut at every meeting since September.

Australia's national debt is expected to fall from its peak this month, with figures more favorable than those anticipated when the Labor government took office. This information will be detailed in the upcoming National Budget Report, which is due to be released on Tuesday.

As reported by Reuters, copper prices continue to rise, driven by increased demand in the United States. In recent weeks, news about the possible introduction of tariffs on copper imports by President Donald Trump has added uncertainty to the market.

UK Chancellor of the Exchequer Rachel Reeves prepares to announce billions of pounds in public spending cuts. More than half of the Cabinet ministers have urged Chancellor Reeves to reconsider her proposed spending cuts.

The Asian copper market is now experiencing a contraction, which is increasing global supply instability. Prices are rapidly escalating amid rumors that President Donald Trump may enact tariffs on imports of the industrial metal, as reported by Bloomberg.

Retail sales in Canada declined for the second consecutive month. In February, the drop amounted to 0.4% after a 0.6% decline in January. Bloomberg reports that consumers scaled back their spending, fearing the consequences of trade tensions between Canada and the United States.

The Solana (SOL) exchange rate jumped more than 7% overnight, topping $140 and outperforming its peers amid positive reaction to rumors that President Trump's less strict tariffs will go into effect on April 2.

In February, core inflation in Japan hit 3.0% as food prices jumped by 5.6% year-on-year. According to experts interviewed by Reuters, this circumstance may justify a rate hike by the Bank of Japan as early as May.

According to the data by the Reserve Bank of Australia (RBA), the country's labor market is still tight, while the gap between the level of demand in the economy and its supply capacity is narrowing. The documents explain the RBA's cautious stance.