ECB Executive Member Schnabel: We still see risks of rising inflation.

Market news: Norway will gradually eliminate high prices for hydro and wind power on October 1.

Fitch: It is expected that between 2023 and 2025, the median economic growth level of the Asia-Pacific developed market sovereign countries we rate will average about 2.2%.

The Central Bank of Kazakhstan: The space for further interest rate cuts this year is very limited. If the inflation rate drops to single digits, it will consider further easing monetary policy this year.

The Central Bank of Kazakhstan lowered its policy interest rate to 16.0%.

European Central Bank Executive Member Schnabel: The last mile of the fight against inflation is the most difficult.

Market news: Russia will impose prohibitive fuel taxes on gray exporters.

Market news: The Russian government will increase downstream spending from October.

Market news: The Russian government will resume providing subsidies or reducing payments to oil refineries.

National Hurricane Center: Hurricane Philip is approaching Bermuda and tropical storm conditions are expected to develop today.

Citi: The base case forecast for cobalt is that the price of cobalt will rise to $32,000 per ton by the fourth quarter of 2024 as the battery supply chain replenishes inventories.

Citi: Lithium prices are expected to fall by a further 15-20% from current levels in the near term.

Citi: Our base case forecast is for zinc prices to fall to $2,300 per ton over the next three months and remain at this level in the first half of 2024.

Citi: Our base case forecast (60% probability) is that tin prices will average $25,000 per ton by the first quarter of 2024.

Citi: In the baseline case, lead prices are expected to fall slightly to $2,100 per ton in the first quarter of 2024, before recovering to $2,200 per ton in the fourth quarter of 2024 once growth sentiment shifts.

The Philippine stock index rose 1%.

Citi: Nickel prices are expected to hit $18,000 per ton by the end of 2023 and remain at this level in 2024.

Citi: Under the baseline scenario, aluminum prices are expected to fall to US$2,100 in the next 0-3 months.

Citi: Under a baseline scenario, copper prices are expected to trade between US$7,500 and US$8,500 per ton over the next 6-9 months.