Global Market
Coverage of Global Market in the Nexus archive.
- Copper Heads for Record Close in London on Tighter Global Market
Copper headed for a record close in London. This increase was fueled by strong gains attributed to signs of tighter supply circulating across the global market.
- U.S. oil prices fall below $74 a barrel on 60-day pause on Iranian oil sanctions
U.S. oil prices fell below $74 a barrel due to a 60-day pause on Iranian oil sanctions. The drop was driven by hopes that increased Iranian crude supply will enter the global market as supplies approach critically low levels.
- FirstFT: China’s falling oil imports ‘shield’ global market from higher prices
China's declining oil imports are preventing global oil prices from rising higher. The article also mentions a slowdown in the global flight of the wealthy and a corporate scandal in Japan.
- Copper’s Giant Tariff Trade Is Back and Squeezing Global Market
US President Donald Trump imposed 50% tariffs on copper imports, exempting refined metals which dominate international trading. The move is straining the global copper market.
- Asian Stocks Set to Edge Down From Record on Iran: Markets Wrap
Asian stocks are expected to decline from their record highs due to tensions with Iran. The markets are being closely watched as the situation unfolds. This decline may have a significant impact on global market trends.
- UAE QUITS OPEC weakening oil cartel's leverage over global prices
The UAE has exited OPEC, a move expected to reduce the cartel's influence on global oil prices. This decision marks a significant shift in the organization's strategy and could impact oil market stability.
- Gold Boom Drives Record Mining Profits
The article highlights a significant increase in gold prices leading to record profits for mining companies. This gold boom is positively impacting the global mining industry.