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U.S. construction sector marks major uptick
The construction sector in the US finally broke its sideways trend, posting a notable rise. This rise indicates a potential positive turn for the sector, with the market likely to further benefit from an accommodative approach by the Federal Reserve. If rates continue...
Labour disputes resolved at major Canadian ports, but trade landscape remains uncertain
Last week, Canada's Minister of Labour put an end to labour disputes that had paralysed the country's major container ports, one on the west coast and the other on the east coast. The Industrial Relations Board ordered the resumption of operations at the ports of...
Gold on the rise: two days of gains amid weak US dollar and expectations about the Fed’s monetary policy
Gold prices recorded a second consecutive day of gains, hitting a one-week high on Tuesday, 19 November, as the US dollar weakened and investors awaited comments from Federal Reserve officials on upcoming interest rate moves. The spot price of gold rose 1 percent to...
Steel prices in Northern Europe: producers’ ambitions and market realities
Northern European producers maintained their price targets for hot-rolled coils (HRC) with delivery in Q1 2025 between €600 and €620 per tonne ex-works (equivalent to about $632-653). However, no transactions were reported at these levels, a sign of weak demand or...