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China’s copper demand indicator surged by 38% on Wednesday. The reason behind this shift was the announcement of 50% tariffs on the metal by US President Donald Trump. As a result, commodity prices dropped on the London Metal Exchange (LME), according to a report by Reuters.

Despite easing tensions after the US paused planned import tariffs, financial markets remain in a high-risk zone, according to the Bank of England’s half-yearly report.

According to Reuters, Canada is expanding trade with the EU and Asia to reduce dependence on the United States market. In May, the US share in Canadian exports fell 10% year-on-year, accounting for 68% of total exports.

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

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.