Iron Ore Falls as Demand Expectations Remain Weak
Iron ore prices are lower in early Asian trade as weak demand expectations persist. Baocheng Futures says poor Chinese steel-mill profitability is fueling expectations of further production cuts.
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Gold futures fall for third session as dollar rises
Gold futures declined for a third session in four as a stronger U.S. dollar and firmer U.S. yields capped demand. Silver also fell, with the market looking ahead to Federal Reserve minutes for rate guidance.
Ibovespa slips 0.2% to seven-month low on weak earnings
Brazil’s Ibovespa falls 0.2% to 167,101 on Thursday as multiple companies report weak earnings, including Banco do Brasil (-4.2%), Sabesp (-7%), and Hapvida (-33.1%).