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Copper Surges Toward $10,000 as Bulls Bet on Global Rebound
Bloomberg 2 hrs ago Bloomberg News
(Bloomberg) Copper’s stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
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Copper on Tuesday extended gains to the highest in a decade as global growth underpinned a rally in metals markets ranging from aluminum to iron ore. Palladium climbed toward $3,000 an ounce. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s with a jump in Chinese orders.
U.S. Yields Rise as Earnings Confirm Growth Bets: Markets Wrap
Bloomberg 1 hr ago Srinivasan Sivabalan
(Bloomberg) Treasury yields rose with U.S. stock-index futures as earnings reports supported optimism the developed world is on a firm path toward economic recovery. Commodities surged to the highest levels in almost three years.
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Russell 2000 contracts led advances in the derivative market. Yields rose across the curve, while staying below recent peaks. The dollar increased for the first time in three days. Gamestop Inc. soared 9% in early New York trading after completing an “at-the-market” equity offering. Amazon Inc., which will release its profit report this week, also climbed.
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