The copper price uptrend accelerated throughout April. Bullish momentum saw prices surge nearly 14% from the close of March. By April 29, prices pushed past
(Bloomberg) Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesHuawei’s New Phone Runs Latest Version of Made-in-China ChipAlphabet Beats Revenue Estimates as AI Fuels Cloud GrowthPlunging Home Prices, Fleeing Companies: Austin’s
Luxury Sector Outlook: Italian luxury group Ermenegildo Zegna also saw revenue fall in the first quarter, dragged down by declining sales of its Thom Browne label in the Greater China region.
Officials decided unanimously to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, suggesting its aggressive series of hikes has come to an end.