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6 November
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According to Canadian Imperial Bank of Commerce head, Victor Dodig, the Canadian economy is experiencing a period of stagnation. Major investment projects are frozen, and unemployment has reached 7%, demonstrating four months of weak employment growth.
11 June
Glencore actively withdraws Russian copper from LME warehouses to deliver to China
The London Metal Exchange (LME) has reported a record drawdown of Russian copper, marking the steepest decline since it began publishing data in 2023. According to Bloomberg, the drop comes as Glencore ramps up purchases for shipments to China.
11 June
Reuters predicts Bank of Japan's interest rate to remain at 0.5% in June
According to Reuters, the Bank of Japan (BoJ) is likely to keep its interest rate unchanged at 0.5% at the upcoming meeting on June 17. However, experts do not rule out the possibility of officials adopting a more hawkish stance if global trade tensions ease amid US-China talks.
10 June
Number of unemployed people in UK rose to record high in May
According to Bloomberg, the UK labor market is experiencing a sharp downturn. Data from the Office for National Statistics (ONS) shows that the number of employed workers fell by 109,000 in May, while unemployment rose to 4.6%.
10 June
Weak UK employment data has reinforced expectations of Bank of England interest rate cuts, according to Bloomberg. The pound fell 0.7% to $1.3456, marking its steepest decline this month, while UK bond yields dropped 5–6 basis points across the curve, outperforming eurozone counterparts.
10 June
Analysts at Morgan Stanley believe US President Donald Trump’s decision to double tariffs on aluminum to 50% increases the likelihood of additional levies on copper imports.
10 June
Australian business activity dropped sharply in May
Australia’s economy saw a sharp slowdown in business activity in May, despite the recent interest rate cuts. According to National Australia Bank (NAB), the business conditions index dropped to zero, falling well below the long-term average of +6.
10 June
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
