Commodities (Crude Oil & Copper) & Macro Outlook

According to Commerzbank economist Michael Pfister on July 24, an agreement ending U.S.-Iran conflict may benefit the eurozone economy but does not necessarily signal strength for the euro. If oil prices decline due to reduced tensions, market expectations for European Central Bank rate hikes

Canada's industrial product price index (PPI) fell 1.4% month-over-month in June, falling short of the expected decline of 0.4% and marking a sharp reversal from the prior month's increase of 1.2%.

Canada's Raw Materials Price Index fell to 20.7% year-over-year in June, down from 33.4% in the previous month, according to official data.

Canada's raw materials price index fell 6.9% month-over-month in June, significantly underperforming the expected decline of 1.3% and reversing the prior month's 0.7% gain.

Japan's Marine Research and Development Agency (JAMSTEC) successfully extracted approximately 50 tons of sediment from a depth of 6,000 meters near Minamitorishima in early 2026, with analysis confirming high concentrations of strategic rare earth elements. The Japanese government announced the

WTI crude oil (U.S. benchmark) and Brent crude declined about $1 per barrel, currently trading at $89.70 and $92.02 per barrel, respectively.

According to U.S. Secretary of State Rubio in an interview with Japan Broadcasting Corporation (NHK), Japan will gradually reduce oil imports from the Middle East and increase purchases from the United States and other regions. Rubio stated that U.S. oil and natural gas exports to Japan have

Brent crude oil settled at $100.69 a barrel on Thursday after Houthi forces struck two Saudi tankers in the Red Sea, marking the first time the global benchmark closed above $100 in two months. The settlement represented a gain of about 7% and a fifth consecutive session of gains. By Friday press ti

According to OilPrice.com, Brent crude settled at $100.69 on Thursday, July 24, marking the first time above $100 in two months after Houthi forces claimed responsibility for striking two Saudi oil tankers in the Red Sea. The rally, up 7% and extending a fifth consecutive session of gains,

According to Maeil Business Newspaper, South Korea's KOSPI index fell 5.72% to 6,690.62 and KOSDAQ dropped 5.32% to 748.22 today (July 24), with both markets triggering sell-side circuit breakers at midday. Samsung Electronics declined 7.59% to 249,500 won, while SK Hynix fell 8.34% to 1.759

According to media reports, Japan's Prime Minister Takayaki Takaichi announced on July 24 that the country successfully extracted approximately 50 tons of rare earth mud from the seabed around Minamitorishima Island at a depth of about 6,000 meters. The sample contains roughly 30% yttrium

According to China Yuan Futures research published on July 24, the U.S. military conducted consecutive airstrikes on Iran this week, prompting Tehran to activate air defense systems. Iran's military responded by deploying unmanned drones to strike American forces stationed in Kuwait. The

According to TS Imagine and Trumid, TS Imagine has expanded its integration with fixed income trading platform Trumid in Q2 2026, enabling institutional clients to access automated RFQ workflows, portfolio trading, and cross-protocol execution capabilities including Trumid's Full Self Trading

According to CNN Brasil, Brazil's B3 stock exchange has backed a 100,000 Brazilian reais ($19,600) loan with tokenized cattle from 10 dairy cows sourced from Fazenda Engenho Velho in Paraná state, valued at approximately 120,000 Brazilian reais ($23,500).

Russia's Central Bank forecasted inflation will reach 6.0%-7.0% in 2026, driven by a significant surge in fuel prices.

Russia's central bank revised its 2026 baseline scenario oil price forecast downward, cutting the average expected price to $60 per barrel from the previous estimate of $65 per barrel.

According to Jin10, Rabobank analysts warned that the U.S. July PMI initial reading set to be released tonight may not fully reflect recent geopolitical developments and commodity market changes. The bank noted that the survey was likely completed over the past two weeks, meaning respondents who

According to S&P Global, Eurozone's services sector purchasing managers' index (PMI) reached 51.6 in July, up significantly from June's 49.4 and marking the highest level in five months. Manufacturing PMI improved to 52.0 from 51.4 in June, while the composite PMI hit 51.9 on July 24. Chris

According to South Korea's Ministry of Trade, Industry and Energy, on July 24, the government froze the eighth-period maximum petroleum prices at their previous levels: 1,784 won per liter for gasoline, 1,773 won for diesel, and 1,380 won for kerosene. The decision, effective from July 25 for four w

Renewable energy exchange-traded funds (ETFs) in South Korea surged over a one-week period from July 17 to July 24, with the PLUS Solar&ESS ETF climbing 20.65%, driven by escalating military tensions in the Middle East. Brent crude oil exceeded $100 per barrel on July 23 (local time) for the first t