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17:47
IMF: It will take time for energy and commodity prices to return to normal after the US-Iran agreement
IMF spokesperson Julie Kozack stated at a press conference that the organization will decide whether to continue using the three economic growth forecast scenarios, which were proposed in April and depend on the outcome of the Iran war, when it releases the World Economic Outlook update report on July 8. Kozack said that with some central banks taking interest rate hike measures, inflation expectations have been effectively anchored; meanwhile, financial conditions remain loose, and both developed countries and emerging markets are able to access international financing markets. Show more
17:40
The United States issues General License 131G related to Russia
Authorized certain transactions related to the oil company Lukoil.
17:38
Dip buying boosts copper prices rebound, while a weaker US dollar and increased risk appetite also provide support.
LME aluminum futures closed up by $42, at $3,164/ton. LME zinc futures closed up by $13, at $3,434/ton. LME lead futures closed flat at $1,912/ton. LME nickel futures closed up by $6, at $16,824/ton. LME tin futures closed up by $702, at $50,383/ton. LME cobalt futures closed flat at $56,290/ton.
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