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.
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.
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.
A decrease of the indicator value may contribute to the fall in quotes of GBP.
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.
A decrease of the indicator value may contribute to the fall in quotes of JPY.
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.
JX Advanced Metals Corp. plans to reduce its refined copper production by tens of thousands of tons, according to a company spokesperson, who did not specify exact numbers. The reason for the decline is a shortage of raw materials.
No change of the indicator value may reduce the volatility of the related markets.
Thailand announces five-year tax exemption for cryptocurrency sales profits. This measure will be in effect from 2025 to 2029 and applies to transactions made through platforms licensed by Thailand's Securities and Exchange Commission.
In June, the UK consumer confidence increased and reached its highest level since December of last year. The most noticeable increase in optimism was among Gen Z. She suggests that the increase in the minimum wage since April could have positively impacted the personal finances of young people.