Copper Pullback from Record High: Is the Bull Run Over?

Citi forecasts that in the long term, copper prices are expected to continue their upward trend, potentially hitting $12,000/t within the next 12 to 18 months, with a chance of climbing as high as $15,000/t.

Moomoo News GlobalMay 24 09:45 ET

Towards next week's stock exchange rate = the “fragmentation” of the Japanese stock market progresses and a complex perspective is necessary

In the Tokyo market on the 24th, the Nikkei Stock Average fell sharply, depreciating 457 yen from the previous day. The day before, semiconductor-related stocks were bought due to NVIDIA ＜NVDA＞'s good financial results, and it was growing rapidly by 486 yen, but it looks like it almost spewed out that increase. The reason was that the May Purchasing Managers Index (PMI) of the United States exceeded expectations, and expectations for early interest rate cuts receded. Financial results announcements are in full swing, and “market interest is once again moving towards Japan-US monetary policy” (market participants).

MinkabuMay 24 04:14 ET

AU Evening Wrap: Australia Shares Fall 1.1% Amid Broad-Based Declines

Australia shares fall by 1.1% amid broad-based declines, with consumer discretionary stocks leading the losses, falling 2.5%.

Moomoo News AUMay 24 03:32 ET

Prices are in response to depreciation in US stocks, and sales are dominant, mainly stocks

The Nikkei Average fell. The transaction closed at 38646.11 yen (estimated turnover of 1.39 billion shares), which depreciated 457.11 yen. In response to the trend where major stock price indices fell in the US market the day before due to concerns that inflation would remain high in response to concerns about rising inflation in response to US economic indicators, stocks sold mainly high-value stocks, etc., increased, and the Nikkei Average fell below 39,000 yen and started. After that, it dropped to 38367.70 yen. However, since US stock index futures due to overtime trading have been steady, tonight's US

Fisco JapanMay 24 03:03 ET

The Nikkei Average has fallen drastically, and high tech stock depreciation has limited high-profile purchases

The US stock market continued to decline on the 23rd. The Dow average closed at 39065.26 dollars (-1.53%) lower by 605.78 dollars, the NASDAQ depreciated 65.50 points (-0.39%) at 16736.04, and the S&P 500 closed at 5267.84, which was 39.17 points lower (-0.74%). Semiconductor NVIDIA's favorable financial results led to an improvement in investor sentiment, and it remained steady. After that, long-term interest rates rose due to employment-related indicators and PMI being stronger than expected and expectations of interest rate cuts receding

Fisco JapanMay 24 02:30 ET

Megabanks such as Mitsubishi UFJ picked up, and long-term interest rates rose to 1.005% and levels before cross-dimensional easing ◇

Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group emerged in the positive zone after morning relief. Mizuho Financial Group also picked up after the first round of sales, and megabanks remained steady.

MinkabuMay 24 01:16 ET