Group 1: Government Shutdown Impact - The U.S. government shutdown has officially matched the longest record in history, lasting 35 days since October 1, with no resolution in sight [1] - The Congressional Budget Office (CBO) estimates that the shutdown could reduce fourth-quarter GDP growth by 2% to 3% [1] - The absence of key economic data, including non-farm payrolls (NFP) and GDP, has left the market in a "blind flying" state, increasing reliance on private sector indicators like the ISM manufacturing PMI [1][2] Group 2: Federal Reserve Policy and Market Reactions - The market is still digesting the Federal Reserve's recent policy shift, which has led to a tightening of global liquidity beyond expectations [3] - Fed Chair Powell's cautious remarks following a 25 basis point rate cut have downplayed expectations for another cut in December, resulting in a stronger U.S. dollar index (DXY) and rising short-term U.S. Treasury yields [3][4] - The tightening liquidity has put pressure on risk assets, including stocks, emerging market currencies, and cryptocurrencies [4] Group 3: Cryptocurrency Market Dynamics - The cryptocurrency market is under pressure due to the Fed's "hawkish rate cut" and the continued strength of the U.S. dollar, with Bitcoin (BTC) falling below $110,000 [8] - A negative correlation between Bitcoin and the dollar index has re-emerged, where each dollar strength puts pressure on major digital assets [9] - Altcoins have experienced deeper declines, with Ethereum (ETH) struggling to maintain the $3,800 level, and smaller tokens lagging behind [10] Group 4: Future Market Focus - The market remains focused on whether the U.S. government shutdown can be resolved soon, with new budget deadlines approaching that may force negotiations [6] - Reports indicate that moderate Republicans and Democrats are informally discussing potential compromises to restart the government [6] - Until clear progress is made, uncertainty will remain high, potentially triggering risk-averse sentiment in the market [7]

Core Viewpoint - The Argentine benchmark stock index has dropped over 3% due to risk aversion leading to portfolio sell-offs [1] Group 1 - The decline in the stock index reflects a broader trend of risk aversion among investors [1] - Portfolio sell-offs are a direct response to increasing market uncertainties [1]

Group 1 - The core viewpoint of the articles highlights the impact of geopolitical tensions and economic indicators on metal prices, particularly copper, aluminum, and zinc [1][2] - The three-month copper price increased by 0.46% to $9,713 per ton, influenced by a weaker US dollar, while risk aversion due to conflicts in the Middle East limited further gains [1] - The US dollar index fell by 0.1%, making dollar-denominated commodities cheaper for investors holding other currencies [1] Group 2 - Concerns over oil supply in the Middle East have led to rising oil prices, which could negatively affect global economic growth and potentially increase inflation [1] - Recent data indicates a slowdown in US economic growth, with May retail sales declining more than expected, linked to changes in US tariff policies [1] - China's imports of aluminum ore and its concentrates rose by 29.4% year-on-year in May 2025, totaling 17.51 million tons, while the first five months of 2025 saw a 33.1% increase to 85.18 million tons [1] Group 3 - In other base metals, three-month aluminum prices fell by 0.02% to $2,550 per ton, while zinc prices rose by 0.55% to $2,653 per ton [2] - Lead prices increased by 0.18% to $1,979.5 per ton, nickel prices slightly rose by 0.24% to $14,960 per ton, and tin prices saw a 1.11% increase to $32,625 per ton [2]