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The fall in copper prices on Wednesday was marked for the second day in a row amid escalating trade disputes between the US and China before an important meeting between representatives of the two countries that should take place next week. As stated in the administration of US President Donald Trump, China’s attempts to change unfair trading methods have not been successful. On Wednesday on the Shanghai Futures Exchange, all base metals showed a drop. The price of copper dropped to its lowest level in a week. Its price on the London Metal Exchange decreased by 0.1% to 6,176.5 dollars per ton. Zinc fell in Shanghai by 2.3%, in London - by 0.3%. The price of aluminum in Shanghai has fallen to a minimum since October 2016 of 13,635 yuan.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
On Wednesday, McDonald’s Corp (MCD.N) said that it plans to pause the reopening of all dine-in services in its U.S. restaurants for the next 21 days as the coronavirus outbreak flares up in areas across the country. The fast-food chain ...
KYC Policy