[MARKET UPDATE] Copper futures extend on their recent rally with CME futures climbing above the USD 6/lb level, while the benchmark LME copper contract rose to a fresh record high north of USD 13,150/ton
Copper prices are experiencing a significant upward trend, with futures crossing critical levels on both CME and LME exchanges.
Eisai (4523 JT) and Biogen (BIIB) announced Eisai and Biogen announce biologics licence application for subcutaneous formulation of LEQEMBI for treating early Alzheimer's disease was accepted in China
Hisamitsu Pharmaceutical (4530 JT) founding family seeks USD 2.9bln privatisation of the Co, according to Bloomberg
[MARKET UPDATE] Copper futures extend on their recent rally with CME futures climbing above the USD 6/lb level, while the benchmark LME copper contract rose to a fresh record high north of USD 13,150/ton
PRE-MARKET CHINESE STOCKS NEWS: Air China (753 HK) is to sell a 1.6% stake in Cathay Pacific (293 HK) for USD 170mln
PBoC injects CNY 16.2bln via 7-day reverse repos with the rate at 1.40% for a CNY 296.3bln net drain
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This rally indicates strong demand or supply constraints, which could have broader implications for inflation and currency valuations, especially in USD and related currencies.
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