Other news

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.

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.

An increase of the indicator value may contribute to the fall in quotes of GBP.

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.

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.

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.

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.

China's imports of most natural resources fell in May, according to customs data released today. Reuters analysts noted that the decline affected oil, coal, iron ore, and copper.

According to The Cryptocurrency Press, the US Congress is reviewing the new CLARITY Act, designed to eliminate legal ambiguities in cryptocurrency regulation.

The UK’s Labour government has unveiled a historic 300 billion pounds ($407 billion) funding package to boost healthcare, education, and transport infrastructure.