Venezuela proposes to levy a private business tax of up to 15% of wages paid for the state pension fund, a draft tax document shows.

London cocoa futures rose 5%.

Alesia Haas, CFO of Coinbase: The underlying blockchain provides the foundation for payments, and it is important to zoom out when discussing cryptocurrencies.

Brazilian President Lula said he would travel to Japan in 2025.

Egyptian security sources, airport sources: US CIA Director Burns arrived in Cairo for talks on the Gaza issue.

Goldman Sachs: Raised its full-year average copper price forecast to $9,800 per ton (previously $9,200), and maintained its 2025 average price forecast at $15,000 per ton.

Goldman Sachs: We raise our year-end copper target to $12,000 per ton from $10,000 per ton.

ICE New York cocoa futures rose 5% to $7,949 a tonne.

London cocoa futures rose 3% to 6,775 pounds a tonne.

Cheniere Energy Chief Commercial Officer: LNG supply will tighten due to the Asian heat wave and technical challenges at some plants.

U.S. natural gas futures extended their gains, rising to their highest level since February 2024.

BNP Paribas is considering cutting up to 150 jobs in Geneva to cut costs.

WTI crude oil fell 1.00% on the day and is now trading at $78.01 per barrel. Brent crude oil fell back below $83 per barrel, down 0.71% on the day.

Market news: Argentine President Milley will travel to Los Angeles on Friday.

Pemex CEO: Pemex to produce 1.23 million barrels of fuel per day by September 2024.

Pemex CEO: The company expects refining output to reach 1.452 million barrels per day in 2024

Goldman Sachs still expects the Bank of England to cut interest rates starting in June, with three cuts expected in 2024, or one cut a quarter starting in August.

U.S. Treasury yields fell slightly after the ISM services data, with the 10-year Treasury yield now down 5.9 basis points to 4.513%.

Bitcoin hit $62,000 per coin, up 5.59% on the day.