Copper Pressured as China Grapples with Deflation
Copper prices fall as the string of poor Chinese economic data continued today, with producer prices falling deeper into deflation territory in June, while consumer inflation was non-existent
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Copper prices fall as the string of poor Chinese economic data continued today, with producer prices falling deeper into deflation territory in June, while consumer inflation was non-existent
Ahead of today’s highly anticipated NFPs, Thursday’s ADP report showed a big jump in private payrolls, which sent Wall Street lower and bond yields higher, as it increased chances for two hikes by the Fed
Watch today’s US Open for insights on Meta’s Twitter-rival platform, the Fed minutes that sustained expectation for a hike later in the month and more
Meta Platforms launched today a new text sharing app to compete against Elon Musk’s Twitter, as the rivalry between the two tech moguls has heated up recently, with a cage-match challenge
Electric vehicle startups have struggled over the past several months against an unfavorable external environment, but some of the Q2 delivery figures show that there may be light at the end of the tunnel
Watch today’s US Open for insights on the new rate pause by the Reserve Bank of Australia, the latest Sino-Western disputes, key upcoming releases and more
The Australian central bank decided to hold rates at 4.1% following two consecutive hikes, after latest monthly data showed a moderation in inflation, but kept further monetary tightening in play
Despite supportive Yen comments by Japanese officials and soft US headline PCE inflation, USD/JPY stays close to the September 2023 intervention levels
Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets
Watch today’s US Open for insights on the hawkish comments by Fed Chair Powell, Australia’s inflation deceleration ahead of next week’s RBA meting and more
The tech heavy index rose on Wednesday against hawkish remarks by Chair Powell and reports that US plans an export ban of AI chips to China, but trades with caution today
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