Category: Uncategorized
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Opening Bell: Base metals market update
Base metals prices on the Shanghai Futures Exchange (SHFE) and London Metal Exchange (LME) witnessed downward movement amid negative sentiments in the market. Notably, the European Central Bank (ECB) raised the interest rate by 50 basis points (0.5) to curb inflation, breaking its own guidance of 25 basis points (0.25), which fuelled recession fears. At…