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Australia's NAB Business Confidence Index for August was -8, compared to -6 previously.

2026-09-08

Australia's NAB Business Confidence Index for August was -8, compared to -6 previously.

Other News
2026-09-07

China A-share CPO sector rallied again in the afternoon, with Guangxun Technology touching the daily limit; earlier more than ten stocks, including Jianqiao Technology, Xingsen Technology and Mingpu Optics & Magnetics, hit limit-up. Zhongji Xuchuang

China A-share CPO sector rallied again in the afternoon, with Guangxun Technology touching the daily limit; earlier more than ten stocks, including Jianqiao Technology, Xingsen Technology and Mingpu Optics & Magnetics, hit limit-up. Zhongji Xuchuang rose nearly 10%, while Shijia Photon, Robotec and Taichen Guang is also advanced.
2026-09-08

LME three-month copper prices broke through January's high and set a new record. Grid expansion, data centers, and electrification are indeed providing long-term demand support, with the IEA predicting copper demand will increase by approximately 7 m

LME three-month copper prices broke through January's high and set a new record. Grid expansion, data centers, and electrification are indeed providing long-term demand support, with the IEA predicting copper demand will increase by approximately 7 million tons by 2040. Supply is also under pressure: global mine production fell 1.1% in the first half of the year, and Chilean copper production in July decreased by 9.4% year-on-year to 403,400 tons. However, according to Reuters, this record high cannot be simply attributed to "global inventory depletion." Potential US tariffs on refined copper have attracted a large influx of metal into COMEX, leading to a decline in LME and other non-US market inventories; meanwhile, there was still a global surplus of approximately 131,000 tons of refined copper in the first half of the year.
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