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Market news: A German court rejected a consumer rights request to ban Meta Platforms (META.O) from training artificial intelligence models based on public user data.HSBC: OPEC+ is expected to announce in July that it will accelerate supply increases again, similar to the situation in May and June, and will suspend production increases in the first quarter of 2026.Important news 1. US President Trump said that there was no progress in discussions with the European Union and suggested that a 50% tariff be imposed on the European Union from June 1. Traders increased their bets on the European Central Bank to cut interest rates, and it is expected that there will be three more rate cuts in 2025. 2. The leaders of the United States and Japan spoke on the phone and planned to hold talks in mid-June. 3. Irans foreign minister arrived in Rome to participate in a new round of Iran-US nuclear talks. 4. UBS Global Wealth Management raised its year-end target for the S&P 500 index from 5,800 points to 6,000 points on Thursday, and set the target for June 2026 at 6,400 points. Individual stock news 1. Trump threatened that if the iPhone is not made in the United States, Apple (AAPL.O) must pay at least 25% tariffs to the United States. 2. It is reported that a banking alliance composed of Wall Street giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo is exploring the feasibility of jointly issuing stablecoins. 3. GlaxoSmithKline (GSK.N) said an asthma drug developed by the company has been approved by the FDA for the treatment of some patients with chronic lung diseases commonly known as "smokers lung". 4. Ross Stores Q1 revenue was $5 billion, better than market expectations, and earnings per share were $1.47. The company withdrew its full-year performance guidance due to increased uncertainty caused by tariffs. 5. An internal memo showed that Goldman Sachs (GS.N) plans to merge its investment banking business in the Asia-Pacific region to provide clients with more integrated consulting services and capital market execution services. 6. MINISO (MNSO.N): Revenue in the first quarter increased by 18.9% year-on-year to 4.427 billion yuan, and adjusted EBITDA increased by 7.5% year-on-year to 1.0373 billion yuan. 7. The chairman of the American Steelworkers Union once again raised the opposition card, urging Trump to block Nippon Steels acquisition of U.S. Steel (XN).On May 23, US President Trump stepped up his trade threats on Friday, targeting smartphone giant Apple and imports from the entire European Union, and global markets were once again in turmoil after a few weeks of easing. Trump threatened to impose a 25% tariff on any iPhone sold by Apple in the United States but not produced; he also suggested imposing a 50% tariff on the European Union starting June 1, which would result in high tariffs on luxury goods, medicines and other goods produced by European manufacturers. After the news came out, the market generally fell. S&P 500 futures fell 1.5% pre-market, and the European Stoxx 600 index fell 2%. Apple shares fell 3.5% in pre-market trading, and other technology stocks also fell sharply. Market analyst Fawad Razaqzada commented: "All optimism about the trade agreement disappeared in minutes or even seconds."According to RIA Novosti: The helicopter that crashed in Russias Oryol region was a military aircraft.

Factors affecting commodities

Eden

Oct 25, 2021 13:27

Supply and demand are important factors that affect commodities. 

Taking oil as an example, if the supply of oil is expected to be strong, and market demand for it does not change much, then the oil price will fall. Often, tensions in the Middle East affect the stability of the oil supply, resulting in a shortage of supply in the market, and pushing oil prices higher due to expectations for demand surpassing supply in the short term.


The second one is inflation. When inflation rises, investors need more money in exchange for goods due to currency depreciation, which will also affect the price of commodities.


Another important factor is dollar. Most international bulk commodities are priced in U.S. dollars. When the price of U.S. dollars changes, the price of bulk commodities will also change.