S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Zinc futures rose above $3,500 per tonne, extending their rebound from a seven-week low amid tight supply conditions. Glencore’s Kazzinc facility in Kazakhstan continues to operate at reduced rates after an explosion, while Nexa’s Cajamarquilla smelter in Peru is recovering from fire-related damage. A seismic event at Boliden’s Garpenberg mine earlier this year has also raised concerns about lower production levels for longer. These supply constraints come as the International Lead and Zinc Study Group forecasts a refined zinc deficit of 19,000 tonnes this year. At the same time, the US-Iran peace deal eased concerns over further disruptions to global economic activity and improved the outlook for industrial demand. However, gains remained limited by a firm US dollar amid growing expectations of a US rate hike, making dollar-denominated commodities more expensive for holders of other currencies.
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