Italy Inflation Rate YoY Final

Italy Harmonised Inflation Rate MoM Final

Italy Harmonised Inflation Rate YoY Final

Italy Inflation Rate MoM Final

Copper futures climbed toward $4.90 per pound on Monday, nearing a ten-month high, as China’s latest stimulus measures boosted demand expectations in the world’s largest copper consumer. The policy package, unveiled over the weekend, includes efforts to increase household income, spur spending, and support population growth, reinforcing optimism for stronger industrial demand. Further supporting prices were expectations that US President Donald Trump may impose tariffs on copper imports, a move that could strain the limited capacity of domestic smelters. Currently, the US imports nearly half of its copper supply, relying on just two major smelters for domestic production. While reports suggest these tariffs could take effect later this year, the White House’s recent escalation of base metal tariffs on Canada has heightened concerns that copper levies may be implemented sooner than expected.

Copper Rises on China Stimulus Boost

Norway's trade surplus rose to NOK 84.7 billion in February 2025 from NOK 53.2 billion in the corresponding month of the previous year, as exports grew faster than imports. Exports climbed 29.1% year-on-year to NOK 169.8 billion, driven primarily by higher sales of mineral fuels, lubricants and related materials (38.1%) and machinery and transport equipment (35.7%). Meanwhile, imports rose 8.7% to NOK 85.2 billion, largely due to increased purchases of machinery and transport equipment (15.7%) and miscellaneous manufactured articles (13%). For the first two months of the year, the country’s trade surplus totaled NOK 178.8 billion, marking a 49.8% increase compared to the same period a year earlier.

Norway Trade Surplus Widens in February

The Shanghai Composite edged up 0.19% to close at 3,426, while the Shenzhen Component slipped 0.19% to 10,958 in mixed trading on Monday, as investors turned cautious while awaiting further details on Beijing’s latest stimulus measures. On Sunday, China unveiled a special action plan aimed at reviving consumption and stabilizing stock and real estate markets. The plan includes measures to boost household income, encourage spending, and support population growth. Markets also reacted to mixed economic data, with Chinese retail sales accelerating but industrial production slowing, adding to investor uncertainty. Among the top gainers were Victory Giant (+12.4%) and Sichuan Changhong (+7%), while notable losses came from East Money (-1.4%) and Contemporary Amperex (-2.2%).

China Stocks Mixed as Investors Await Stimulus Details

The Nikkei 225 Index climbed 0.93% to close at 37,396, while the broader Topix Index surged 1.19% to 2,748 on Monday, with both benchmarks reaching their highest levels in over a week amid a broad market rally. Japanese shares tracked Friday’s relief rally on Wall Street, as investors continued to assess evolving trade policies and economic uncertainties in the US. Sentiment was further lifted after China unveiled a special action plan over the weekend, introducing measures to boost consumption and stabilize stock and real estate markets. Leading the gains were index heavyweights, including Mitsubishi Heavy (+12.2%), Kawasaki Heavy (+6%), IHI Corp (+9.7%), Tokyo Electron (+2.2%), and Advantest (+2.7%). In corporate news, the European Commission approved a joint venture between Toyota Motor and Chinese firms Minmetals and Meiwa aimed at advancing lithium-ion battery recycling.

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