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China's State Council issued the "Beautiful China Construction" 15th Five-Year Plan, Xinhua reported.

2026-07-03

China's State Council issued the "Beautiful China Construction" 15th Five-Year Plan, Xinhua reported.

Other News
2026-07-03

Citigroup expects aluminum to bottom within the next month and to recover to $3,300–3,500/ton during Sep–Dec. The call is based on a more dovish Fed outlook, falling real rates, an improving demand outlook and declining inventories on a consumption‑d

Citigroup expects aluminum to bottom within the next month and to recover to $3,300–3,500/ton during Sep–Dec. The call is based on a more dovish Fed outlook, falling real rates, an improving demand outlook and declining inventories on a consumption‑days basis. The bank says the recent ~20% drop from about $4,450/t over the past month largely reflected weaker-than-expected demand, slower visible inventory draws, easing geopolitical risk, concentrated liquidations of speculative and physical positions, and rising expectations of future supply increases. Citigroup warns conditions do not favor shorting: the market was in a supply deficit before the recent shock and new supply is unlikely to close the gap quickly. It also says concerns about a rapid return of Middle East supply may be overstated.
2026-07-03

New Fed chair Kevin Walsh's first-week calendar was largely internal, with limited external engagements: a breakfast with Treasury Secretary Scott Bessent and meetings with former Fed governor Stephen Milan and Brookings' Nellie Liang. By contrast, f

New Fed chair Kevin Walsh's first-week calendar was largely internal, with limited external engagements: a breakfast with Treasury Secretary Scott Bessent and meetings with former Fed governor Stephen Milan and Brookings' Nellie Liang. By contrast, former chair Jerome Powell's end-of-tenure schedule featured heavier outreach to global central bankers and Wall Street executives, including Goldman CEO David Solomon and the UBS chair. The Fed posts the chair's schedule monthly on its website.
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