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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Nasdaq has formally updated the composition of its benchmark index through the US Securities and Exchange Commission (SEC) Form 8-K filing for the Hashdex Nasdaq Crypto Index US ETF (NCIUS). The revised index now incorporates four additional cryptocurrencies.
10 June
UAE set to introduce cryptocurrency into everyday payments through agreement with Crypto.com
The UAE is on the verge of revolutionary changes in the financial sector. According to CoinMarketCap, the country is set to introduce cryptocurrency into everyday life of its citizens. Dubai’s Department of Finance has partnered with Crypto.com.
10 June
Bank of Japan (BOJ) Governor Kazuo Ueda told parliament that inflation remains significantly below the bank's 2% target. Market participants interpreted his remarks as suggesting a potential pause in monetary tightening.
10 June
Australia’s consumer sentiment rose in June
Australia’s consumer confidence ticked higher this month. A modest increase was driven by the conflicting moves of the central bank lowering interest rates and the country’s economy growing at a slower pace.
10 June
UK retail sales growth slowed to six-month low in May
UK retail sales grew at their slowest pace in six months in May, according to a joint report by the British Retail Consortium (BRC) and KPMG. Rising prices for goods and higher monthly bills squeezed household budgets, dampening consumer spending.
10 June
An increase of the indicator value may contribute to the fall in quotes of GBP.
10 June
Cardano has long been recognized for its pace of technical progress. Yet The Motley Fool warns the project now risks falling behind competitors unless it implements strategic changes in the near term.
9 June
Canada's unemployment hits nine-year high
The unemployment rate in Canada hit 7% in May, the highest level in almost nine years, excluding the pandemic period. According to Statistics Canada, the number of unemployed people went up 14% compared to last year, reaching 1.6 million.
9 June
Dean Turner of UBS believes the greenback is losing its safe-haven status, driven by the policies of the American administration. Turner warns against a full exit, yet advises reallocating funds held in US dollars.
9 June
Green energy transition to trigger surge in copper demand — Oilprice
Global copper demand is projected to rise sharply in the coming years due to its critical role in renewable energy projects and power transmission infrastructure. Mining giant BHP forecasts a 70% increase in copper demand, reaching 50 million metric tons by 2050.
9 June
