Copper Extends Rebound on Hopes for US Rate Cuts, China Stimulus [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Most Read from Bloomberg Democrats Weigh Mid-July Vote to Formally Tap Biden as Nominee Powerful Hurricane Beryl Aims at Jamaica After Grenada Strike Trump Immunity Ruling Means Any Trial Before Election Unlikely ‘Upflation' Is the New Retail Trend Driving Up Prices for US Consumers Trump Seeks to Toss NY Felony Conviction After Immunity Win Federal Reserve Chair Jerome Powell on Tuesday said the latest economic data suggest inflation is getting back on a downward path. Still, he cautioned that officials would like to see more evidence before lowering borrowing costs and declined to give any specific guidance on the timeline for cuts. Copper has also been supported by hopes of some boost to growth from China's Third Plenum policy meeting later this month, the Chaos Ternary Research Institute said. Expanding global inventories and weak Chinese demand helped pull copper prices down from a record of more than $11,100 a ton set in May. The metal's nudge higher comes along
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