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There is some optimism in the markets because US-China trade talks are on the agenda again and expectations are running high for dovish talk from the European Central Bank (ECB) at its meeting later on Thursday July 25.
With the exception of copper and zinc, base metals prices on the Shanghai Futures Exchange were up during the morning trading session on Thursday July 25, buoyed by positive sentiment over upcoming US-China trade talks.
Here are five Fastmarkets MB stories you might have missed on Wednesday July 24 that are worth another look.
Three-month prices across the increasingly macro-sensitive base metals complex on the London Metal Exchange were broadly up during morning trading on July 24 in anticipation of a trade meeting between the United States and China.
Major swings in the prices of both nickel and tin over the past month could presage similar moves across the base metals complex, reflecting the waning influence of the US-China trade war on the metals markets.
Hopes that a US-China trade deal may be moving a step closer have given equities and US bond yields a slight boost this morning, Wednesday July 24, but the metals have not followed.
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