[MARKET UPDATE] Copper futures (+1.5%) rallied at the turn of the hour amid the reopen of Shanghai commodities trade as the red metal's largest buyer returns from the holiday closure
Copper futures are seeing a notable rally as trading resumes in Shanghai, driven by the return of major demand from the holiday closure.
Fox Business's Edward Lawrence says admin official told him that tariffs Trump imposed on Friday under Section 122 are currently at 10%, and will go to 15%, but requires separate presidential action which is being worked on now
PRE-MARKET CHINESE STOCKS NEWS: Chinese markets reopen following the Luner New Year/Spring Festival Holiday
[MARKET UPDATE] Copper futures (+1.5%) rallied at the turn of the hour amid the reopen of Shanghai commodities trade as the red metal's largest buyer returns from the holiday closure
Chinese Loan Prime Rate 1Y 3% vs. Exp. 3% (Prev. 3%)
Chinese Loan Prime Rate 5Y (Feb) 3.5% vs. Exp. 3.5% (Prev. 3.5%)
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This rebound suggests a potential uptick in demand that could stabilize or elevate prices, making it vital to watch for further developments in commodities trading behavior post-holiday.
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