CITIC Securities expects bulk commodity prices to remain divergent in Q3 and favors copper, lithium carbonate, electrolytic aluminum and coal on clear demand-side support.

ECB President Lagarde said the June rate increase was the correct decision, noting most Governing Council members were ready to act in April but postponed until June due to insufficient information. She said external supply shocks are still transmitting into broader parts of the economy, though second-round inflation effects have not yet emerged. Lagarde added the recent US‑Iran peace deal has pushed oil prices down and eased inflationary pressure, but indirect price effects continue to spread and the ECB will keep inflation risks under close watch.

At a July 2 MOFCOM press briefing, a reporter noted the Canadian international trade minister said an autumn meeting with Chinese ministers will include talks on further tariff removals for canola, peas and seafood. MOFCOM spokesperson He Yadong said Beijing and Ottawa signed a China‑Canada economic cooperation roadmap in January, guided by leaders’ consensus, creating preliminary joint arrangements for managing bilateral trade issues; economic teams have maintained close communication. China advocates resolving concerns through equal dialogue and is willing to continue expanding the cooperation list and narrowing the list of outstanding issues to support healthy, stable and sustainable China‑Canada economic and trade ties.