Other news

Major mining companies, including India's Vedanta and China's Zijin Mining Group, have been granted exploration licenses in Saudi Arabia. The companies were awarded sites covering 4,788 square kilometers, which include the Jabal Sayid copper deposit, according to Bloomberg.

According to Bloomberg, options traders expect more interest rate cuts to be delivered by the Bank of England (BoE) than the markets forecast. Their positions assume there might be three moves by the BoE to cut borrowing costs this year, each by a quarter of a point.

The UK recorded the highest wage rise in the last nine months, along with employment growth, Bloomberg reports. This suggests resilient labor demand, which may prompt the Bank of England to take a cautious stance on the future path of interest rates.

Japan has become one of the hottest travel destinations. This has resulted in the resurgence of the Japanese economy. However, as the yen strengthens, the impact of the tourism industry on the country's GDP growth may start to wane, CNBC says.

A decrease of the indicator value may contribute to the fall in quotes of CHF.

The US Securities and Exchange Commission (SEC) has withdrawn its appeal in the Ripple case, bringing an end to a four-year legal battle that began in 2020 over allegations of unregistered XRP sales.

The price of copper almost exceeded $10,000 per ton against the backdrop of US President Donald Trump's statements on the likely introduction of tariffs on this metal. As a result, traders began to actively supply copper to the United States, which led to a deficit in other markets.

According to Bloomberg, from 100,000 to 150,000 tons of refined copper will be shipped to the US in the coming weeks. The volume may exceed the all-time record of 136,951 tons, recorded in January 2022.

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

Volatility Shares launches new funds (ETFs) tracking Solana contracts, according to an effective registration statement. These funds offer access to the cryptocurrency, which has a market value of around $67 billion, Bloomberg reports.