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The regional governor said several Ukrainian drones successfully reached an industrial center north of Omsk, Russia.

2026-07-06

The regional governor said several Ukrainian drones successfully reached an industrial center north of Omsk, Russia.

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2026-07-06

LME base metal inventories: Copper 314,950 tonnes, down 3,950 tonnes; aluminum 295,550 tonnes, down 3,225 tonnes; zinc 118,425 tonnes, down 250 tonnes; nickel 274,620 tonnes, unchanged; lead 292,275 tonnes, down 875 tonnes; tin 8,325 tons, down 130 t

LME base metal inventories: Copper 314,950 tonnes, down 3,950 tonnes; aluminum 295,550 tonnes, down 3,225 tonnes; zinc 118,425 tonnes, down 250 tonnes; nickel 274,620 tonnes, unchanged; lead 292,275 tonnes, down 875 tonnes; tin 8,325 tons, down 130 tons.
2026-07-06

The service sector remains a core pillar of the US economy, recently outperforming manufacturing and becoming a major source of overall growth. However, the current structure exhibits characteristics of "resilient growth but no employment expansion":

The service sector remains a core pillar of the US economy, recently outperforming manufacturing and becoming a major source of overall growth. However, the current structure exhibits characteristics of "resilient growth but no employment expansion": frozen hiring and slowed workforce expansion indicate that demand remains, but the need for new labor is weakening. Mechanistically, this combination is closer to a "jobless recovery" or low-employment growth phase, where companies maintain output through efficiency improvements and cost control rather than through expanding employment. Meanwhile, persistent price pressures suggest that service sector inflation remains sticky, causing the Federal Reserve to focus on service inflation rather than goods inflation. In the short term, the uncertainty surrounding the June data stems primarily from two variables: first, cost disturbances from geopolitical factors and tariffs; and second, the transmission elasticity of service prices. Given weak employment momentum but resilient prices, the overall economy is more likely to experience a moderate slowdown rather than a rapid decline. The more crucial signal from tonight's data lies not in the total figures, but in whether the structure further tilts towards "low employment + high price stickiness."
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