ArcelorMittal reported a 38% rise in second-quarter earnings despite lower steel prices and shipments and said it expected demand to improve in the second half of 2024.
Copper should average around $9,500 a ton over the rest of the year, as high inventory levels constrain and cap further price rallies, according to Oxford Economics’ baseline scenario.
French fintech Worldline cut its financial forecasts for the year due to volatile spending across Europe and warned that a speedy consumer recovery remained uncertain.
