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Australia's S&P/ASX 200 index closed down 123.60 points, or 1.42%, at 8594.10 on Thursday, May 28.

2026-05-28

Australia's S&P/ASX 200 index closed down 123.60 points, or 1.42%, at 8594.10 on Thursday, May 28.

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2026-05-28

ABN AMRO Bank analysts said in a note that markets remain caught in a "news roulette", driven by swings in the perceived likelihood that the US and Iran could reach a near-term deal to reopen the Strait of Hormuz. "We have been trying to see through

ABN AMRO Bank analysts said in a note that markets remain caught in a "news roulette", driven by swings in the perceived likelihood that the US and Iran could reach a near-term deal to reopen the Strait of Hormuz. "We have been trying to see through the day-to-day noise," they said. The analysts did not express a view on when an agreement might be reached and instead placed their baseline scenario on the outcome — namely when energy supplies might fully normalize and thereby allow prices to decline sustainably.
2026-05-28

[Futures Hotspot Tracking] LME copper futures rose and then fell back. The global copper market experienced a significant surplus in the first quarter. The geopolitical fog in the Middle East triggered a sharp drop in LME aluminum futures from their

[Futures Hotspot Tracking] LME copper futures rose and then fell back. The global copper market experienced a significant surplus in the first quarter. The geopolitical fog in the Middle East triggered a sharp drop in LME aluminum futures from their highs. With the extreme game between bulls and bears, where will the market go next?
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