Aluminum rose for a fourth day to hit its highest since 2022, extending this year’s powerful gain as US President Donald Trump struggles to keep peace talks with Iran on track. The metal rallied as much as 1.6% in early trading to hit $3,775 a ton in London. Iran said it was suspending negotiations because of Israeli actions in Lebanon, threatening to complicate Trump’s push for a ceasefire extens...
Aluminum rose for a fourth day to hit its highest since 2022, extending this year’s powerful gain as US President Donald Trump struggles to keep peace talks with Iran on track. The metal rallied as much as 1.6% in early trading to hit $3,775 a ton in London. Iran said it was suspending negotiations because of Israeli actions in Lebanon, threatening to complicate Trump’s push for a ceasefire extension and reopening of the Strait of Hormuz. War in the Middle East has helped aluminum to a 25% gain this year after smelters in the region — a major production hub — were forced to close or reduce operations. At the same time, investors are piling into industrial metals, including copper and aluminum, on optimism over demand. In the latest sign of tightening conditions, cash aluminum contracts on Monday traded at the biggest premium over three-month futures since 2007, reaching as high as $111.75 a ton. That gap points to a growing call on near-term supply. Aluminum was up 1% to $3,755 a ton on the London Metal Exchange by 10:30 a.m. Shanghai time. Copper added to its recent surge, rising 0.5% to $13,899.50 a ton.
To head off a public health crisis, China is stepping up efforts to find new treatments for Alzheimer’s disease and Parkinson’s disease. As its population ages, the country already has more cases of these neurodegenerative diseases than anywhere else in the world and their prevalence is rising faster than the global average. Cases of Parkinson’s disease in China are forecast to rise from 3.6 milli...
To head off a public health crisis, China is stepping up efforts to find new treatments for Alzheimer’s disease and Parkinson’s disease. As its population ages, the country already has more cases of these neurodegenerative diseases than anywhere else in the world and their prevalence is rising faster than the global average. Cases of Parkinson’s disease in China are forecast to rise from 3.6 million in 2024 to 10.5 million in 2050, while the number of people in China with dementia is projected...
A Three-Part Story: These Were The Best And Worst Performing Assets In February The Middle East continued to dominate market attention in May, as constant, daily, recurring hopes and media leaks and trial balloons for some kind of US-Iran deal meant that Brent crude oil fell -19.3%, marking its biggest monthly decline since March 2020 as the pandemic lockdowns began. Those hopes for an end to the ...
A Three-Part Story: These Were The Best And Worst Performing Assets In February The Middle East continued to dominate market attention in May, as constant, daily, recurring hopes and media leaks and trial balloons for some kind of US-Iran deal meant that Brent crude oil fell -19.3%, marking its biggest monthly decline since March 2020 as the pandemic lockdowns began. Those hopes for an end to the conflict meant that fears about stagflation eased dramatically, which pushed yields lower and supported risk assets as well. Indeed, the S&P 500 was up another +5.3% in total return terms to a new record, with chip stocks doing particularly well as excitement around AI returned. For instance, the Philadelphia semiconductor index rose another +22.2% in May, taking its YTD gains to a record +81.5% (in 2000 Semis got there faster but... well, you know the story). And in South Korea, the KOSPI was up another +28.5% in May, taking its own YTD gains to +102.4%. Admittedly, it wasn’t all good news, and sovereign bond yields briefly hit multi-year highs towards mid-May. But as hopes for a US-Iran deal rose, bonds also recovered into month-end as oil and inflation concerns fell back again. Before we get into the details, a quick summary from Deutsche Bank's Henry Allen how for markets, May played out like a three-part story: The first part started strongly , as an Axios report on May 6 said the US and Iran were close to a one-page memo to end the war (it's almost a month later and the two sides still haven't agreed on any memo). Oil prices fell sharply, with Brent crude down from $114/bbl on May 4 to $100/bbl on May 7. So stagflation fears eased considerably, particularly as the US jobs report featured another upside surprise for payrolls. The second part was more pessimistic , as Trump posted that Iran’s proposal was “TOTALLY UNACCEPTABLE!” So that raised fears of an escalation, whilst a strong US core CPI print added to concern about more persistent inflation, particularly with th...
(Bloomberg) -- China is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison f...
(Bloomberg) -- China is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStocks Rise on Trump’s Iran Remarks, AI Optimism: Markets WrapAnthropic Files Confide
Shares of technology and consulting giant IBM (NYSE:IBM) jumped 6% in the afternoon session after the company was named a partner for Nvidia's new Vera Rubin AI accelerators, designed to power advanced AI systems.
Shares of technology and consulting giant IBM (NYSE:IBM) jumped 6% in the afternoon session after the company was named a partner for Nvidia's new Vera Rubin AI accelerators, designed to power advanced AI systems.