EUR/USD
1.15510
0.075%
Gold
4170.54
-2.088%
Oil
87.296
-0.063%
USD/JPY
160.388
0.016%
GBP/USD
1.33855
0.052%
GBP/JPY
214.692
0.069%
Real-time News
June 10th Futures News: Copper prices maintained a weak range-bound adjustment today. On the macro front, US Treasury yields and the US dollar index continued to strengthen, supported by strong employment data and high inflation expectations. Market expectations for a Fed rate cut this year have largely subsided, with some even betting on a rate hike as early as September. This high-interest-rate environment is suppressing copper prices. On the fundamental front, domestic social inventories decreased slightly this week, and imported copper arrivals decreased, but downstream buyers remained hesitant due to high prices, resulting in weak purchasing. Supply-side disruptions were frequent. Chiles Antofagasta mine was partially shut down due to the earthquake, and supply disruptions from Peru and the Democratic Republic of Congo continued. The DRC also raised the tariff rate on strategic minerals such as lithium to 10%. In the short term, the US refined copper import tariff decision is imminent. Currently, the COMEX premium relative to LME is about 6%. If the tariff is implemented, it will accelerate copper inflows into the US and tighten overseas markets, providing support for prices. In summary, with both macro pressures and supply-side disruptions, copper prices are expected to remain volatile in the short term. Attention should be paid to tariff policies and changes in macroeconomic data. In the spot market, trading was relatively stable today. Copper prices are at low levels, prompting downstream buyers to purchase on dips. With delivery approaching and the import window closing, market supply appears to be tightening, leading to reluctance among holders to sell and further narrowing of the spot discount.Italys seasonally adjusted industrial production rose 0.5% month-on-month in April, compared with an expected decline of 0.1% and a revised previous reading of 0.6% (up from 0.70%).Italys adjusted industrial output rose 1.3% year-on-year in April, revised from 1.50% to 1.4% in the previous month.Pakistans Information Minister: The Pakistani military has struck militant hideouts on the Afghan border.June 10th - On June 9th, Tencent Cloud and ASUS officially signed a strategic cooperation agreement: the two parties will jointly create a "personal space disk" for millions of laptop users based on Tencent Clouds self-developed AgentBucket intelligent storage capabilities. This marks the first large-scale commercial deployment of Tencent Cloud Storages enterprise-level cloud storage scenario capabilities on a leading PC brand; it also signifies that cloud storage is officially upgrading from an optional PC accessory to one of the essential infrastructures for embracing the AIPC trend.
