Group 1 - LME copper prices fell to a one-week low due to increased inventory and concerns over upcoming U.S. tariffs impacting demand [1] - As of July 30, LME three-month copper closed at $9,698.50 per ton, down $99.50 or 1.02% [2] - LME copper inventories surged by 51% over the past month, reaching 136,850 tons, indicating a supply surplus in the market [4] Group 2 - Strong U.S. economic growth data led to a stronger dollar, making dollar-denominated commodities more expensive for buyers using other currencies [3] - Investors are currently in a wait-and-see mode regarding the details of the proposed 50% tariff on copper, which is expected to be implemented on August 1 [3] - Analysts suggest that if the Federal Reserve does not lower interest rates, commodities may face pressure [4]

Core Viewpoint - The investment bank Panmure Liberum suggests that if Iran retaliates against attacks on its nuclear facilities without closing the Strait of Hormuz, the stock market may experience an initial decline of approximately 5%-10%. However, if Iran closes the Strait, a significant inflation shock could occur, potentially leading to a stock market drop of 10% to 20% [1]. Group 1 - If the Strait of Hormuz is closed, a severe stagflation shock similar to that of 2022 is expected [1]. - The bank indicates that the inflation impact from closing the Strait would be substantial but not enough to derail the markets and economies of the US, UK, and Eurozone in the long term [1]. - A potential new bear market could emerge if trade tensions escalate again in early July [1].