No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
A decrease of the indicator value may contribute to the rise in quotes of Gasoline.
An increase of the indicator value may contribute to the rise in quotes of Gasoline.
Yesterday's announcement by Donald Trump about imposing 50% tariffs on copper imports to the US sparked a strong market reaction. COMEX copper futures surged by 12%, reaching a record high. Meanwhile, the asset's price on trading platforms in Shanghai and London declined.
The price of shipping a 40-foot container from China to the UK has surged about 60% to reach $3,305 over the past three months. Increased shipping rates are reflected in prices of goods sitting on the shelves.
Investors are revising their forecasts for the Reserve Bank of Australia’s (RBA) monetary policy after the regulator unexpectedly kept interest rates unchanged at its July meeting. Market participants now project a 0.25% rate cut in August.
According to a Bank of America analysts' report, risks for holders of Japanese yen-denominated assets have increased over the past week. Experts attribute this to two key events: the US tariff hikes and the potential setback for the ruling coalition in parliamentary elections.
The US Securities and Exchange Commission (SEC) is developing a comprehensive regulatory framework that could accelerate approval for cryptocurrency exchange-traded funds (ETFs). According to Reuters, the new SEC guidelines will cover multiple crypto assets, standardizing their listing process.
Global copper producers were shocked by US President Donald Trump's unexpected announcement to impose 50% tariffs on imports of the red metal. As reported by Reuters, the leading producer of this raw material—Chile—does not lose hope for exemption from the duties.
Despite a slight rise in the Canadian dollar against the American one on Tuesday, it continues to trade near an eight-day low. Risks of new tariff restrictions from the United States are forcing traders to act with caution, Reuters reports.
Junko Koeda, a Bank of Japan board member, said the regulator’s inflation outlook is likely to be raised. This would leave open the possibility of another rate hike this year, Bloomberg reports.