Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.
4 July
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BoE’s Bailey notes unclear prospects for inflation in UK
On Thursday, Bank of England Governor Andrew Bailey stated the recent rise in UK inflation complicated the outlook for future price movements. However, he also pointed to signs of weakening in the country’s labor market.
27 June
Ripple and SEC joint request to reduce fine for tech company denied
On Thursday, XRP fell 3% following Judge Analisa Torres' decision to deny a joint request by the US Securities and Exchange Commission (SEC) and Ripple to reduce the $125 million fine imposed on the crypto company.
27 June
According to Reuters, copper prices reached their highest level in nearly three months on Thursday, driven by a weakening dollar, concerns over supply stability, and increased activity from speculators following a break of key technical levels.
27 June
SNMPE plans to solve informal copper mining problem in Peru and boost production
The Association of Mining, Oil, and Energy Industries (SNMPE) sees the informal copper mining boom in Peru as the greatest challenge for the industry's growth.
27 June
Tokyo inflation eases in June as energy costs cool
Inflation in Tokyo slowed for the first time in four months due to cooler energy price growth and waiver of some charges for households. Consumer prices excluding fresh food grew 3.1% on an annual basis in the capital in June.
27 June
Job vacancies in Australia rose 2.9% in May
Job openings in Australia saw a recovery in May, largely fueled by the construction industry and professional, scientific, and technical services. As reported by Reuters, this reflects a continued demand for labor in the country, even amid a sluggish economy.
27 June
A decrease of the indicator value may contribute to the fall in quotes of JPY.
26 June
No change of the indicator value may reduce the volatility of the related markets.
26 June
UK inflation expectations rise to highest level since September 2022
According to the June Citi/YouGov survey, long-term inflation expectations among the UK population (for five to ten years ahead) have increased to 4.3%, the highest level since September 2022.
26 June
Economists at Westpac stated that the Reserve Bank of Australia (RBA) is likely to cut interest rates at its July meeting. Previously, experts had anticipated the regulator would reduce borrowing costs in August.
26 June
