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SMM Morning Comments (Jun 7): Base Metals Closed Mixed on Sustaining Inflation and Disturbances from Rate Hike_SMM

Shanghai and LME base metals closed mixed as market players generally believe that the US economic data due this Friday will indicate sustaining high inflation, prompting the US to take more aggressive monetary policies. Bank of America Securities Group said it now expects the ECB to raise interest rates by 150 basis points this year, who originally expected a 100-basis-point hike this year. ....

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