CRUDE WRAP: WTI (J6) SETTLES USD 2.79 HIGHER AT 65.05/BBL; BRENT (J6) SETTLES USD 2.93 HIGHER AT USD 70.35/BBL
The sharp rise in WTI and Brent prices indicates a positive shift in the crude market, likely influenced by geopolitical tensions, supply concerns, or demand forecasts.
Chinese steel hit with duties of up to US$670 per tonne as Brazil dumping probe concludes, via SCMP
Congo state firm strikes deal to sell copper from Glencore (GLEN LN) mine
CRUDE WRAP: WTI (J6) SETTLES USD 2.79 HIGHER AT 65.05/BBL; BRENT (J6) SETTLES USD 2.93 HIGHER AT USD 70.35/BBL
RBNZ Governor Breman says fundamentals consistent with slower inflation; Not at all comfortable with having inflation at 3.1%
FOMC MINUTES: Almost all supported maintaining rates at 3.50-3.75%, while a couple preferred a 25bps cut, citing restrictive policy and labour market risks; some judged rates should be held steady for some time
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Such increases can affect inflation expectations and could lead to subsequent adjustments in currency valuations, particularly with commodity-linked currencies like the CAD and NOK.
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