Commodities (Crude Oil & Copper) & Macro Outlook

According to Dailian, on August 5, Bitcoin traded at $64,014, showing limited gains despite improving macroeconomic conditions. International oil prices have declined to around $78 per barrel amid easing rate pressures, but Bitcoin's price response has been muted compared to broader risk assets. Da

South Korea's top 10 conglomerates excluding Samsung Group reduced their corporate bond balances by 6.3 trillion won this year, according to KOSCOM CHECK data. The decline reversed last year's 5.6 trillion won increase

According to data from Fujairah Petroleum Industry Zone reported by Jin10, finished oil inventories at Fujairah port totaled 7.002 million barrels as of Aug 3, up 0.491 million barrels week-on-week, a 7.5% increase. Breakdown by product: light distillates rose 0.041 million barrels to 1.622 million

According to Jin10 Futures on August 5, Shandong independent refiners' average crude distillation capacity utilization stood at 50.70% in July, down 0.72 percentage points month-over-month. Looking ahead to August, Wantong, Lianyou, Changyi, and Hongrui Technology plan to resume operations in

Korean retail investors shifted $4.624 billion into US stocks in July, marking the highest monthly net purchase of the year, as US stock markets rallied for four consecutive trading days from July 30 to August 4. The surge was driven by strong earnings from Microsoft's cloud division and

According to President Trump's statement on Fox News on August 4, the U.S. and Iran held day-long negotiations with positive progress, and Trump expects the blocked Strait of Hormuz to reopen soon. Trump warned that if Iran backs out again, the U.S. will respond with "very heavy blows." According to

According to The Kobeissi Letter, the S&P 500 and Dow Jones closed at record highs on Tuesday (August 4), driven by diplomatic progress toward reopening the Strait of Hormuz. The S&P 500 advanced 1.79% to 7,736.52, while the Dow Jones rose 1.71%, or 907 points, to 54,085.88. The Nasdaq Composite

Brent crude oil broke through $80 per barrel today, with a daily gain of 0.81%.

According to Jin10, on August 5, Yemen's Houthi forces claimed they struck the Saudi-flagged tanker Wafa with a ballistic missile in the Red Sea north of Yanbu, stating the missile directly hit its target. This marks the eighth Saudi tanker the group claims to have attacked since launching their

Yemen's Houthi forces said they attacked a Saudi oil tanker in the Red Sea.

According to Yonhap Infomax, on August 5 in Tokyo trading, USD/JPY fell 0.11% to 157.525 yen as of 1:41 p.m. local time, with the pair hitting an intraday low of 157.299 yen. The dollar weakness was driven by easing Middle East tensions following U.S. Treasury Secretary Scott Bessent's statement on

Suhyup Bank warned on the 5th that downside risks to US financial markets and the real economy could increase as rising international oil prices, stock market corrections, and higher high-risk bond rates converge. According to Yonhap Infomax's Panic-Boom Cycle analysis, the Yonhap Panic-Boom

According to Yonhapinfomax on August 5, the Panic-Boom Cycle Index—which measures global economic activity—fell to 2.67 out of 5 points, down 0.04 from a week prior, signaling mild improvement. The U.S. stock market uncertainty index dropped 124.46 to 106.85, shifting from the panic zone to the

Korea Zinc filed a police complaint on the morning of the 5th against its largest shareholders Youngpoong and MBK Partners for allegedly misusing the 'Project Crucible' name for its US integrated smelter project. The company accused the shareholders of registering a domain combining the project name

Glencore posted adjusted EBITDA of $10.12 billion for the first half of 2026, exceeding its guidance of $9.81 billion. The $310 million outperformance reflects stronger commodity prices and operational performance across the mining and trading

Iran is portraying discussions over shipping arrangements in the Strait of Hormuz as negotiations with Oman rather than directly with the United States, according to the Institute for the Study of War (ISW). This approach aims to maintain diplomatic leverage and avoid the perception of conceding to

According to Jin10, on August 5 (today), multiple key economic data releases are scheduled. France's June industrial output will be released at 14:45, followed by PMI data from France, Germany, Eurozone, and UK starting at 15:50. In

The European Union and G7 nations established a critical minerals alliance at the 2026 G7 summit. The EU launched its Raw Materials Mechanism platform in April 2026, focusing on rare earths, battery materials, and defense-related raw materials. These initiatives respond to supply chain

The European Union launched the Raw Materials Mechanism platform in April 2026 to coordinate critical mineral supplies and reduce dependence on single-source suppliers, according to reports. The initiative targets 10% of annual mineral consumption from domestic extraction, 40% from processing, 25% f