News Snapshot:
Aluminum prices hit $3,000 a tonne for the first time in 13 years on Monday, escalating inflation fears and bolstering the dollar as traders seek higher interest rates to rein in spiraling prices. Equities were mixed as investors evaluated the prospect of improved US-China trade relations against Beijing’s continued regulatory clampdown on the Chinese tech sector. The news that US President Joe Biden met with his Chinese counterpart Xi Jinping on Friday to try to improve relations between the two countries has buoyed spirits. At the same time, market jitters lingered when data revealed that inflation of goods leaving US...
