June 1 London Copper morning review

In terms of news, the Trump administration could not win the EU's trade negotiation compromise, and planned to impose additional tariffs on steel and aluminum on the EU by 25% and 10% respectively after the end of the temporary exemption period, and the sanctioned parties responded after the news, European Commission President Jean-Claude Juncker said that the EU will take retaliatory action
against US steel and aluminum tariffs.
Other sanctioned U.
S.
trading partners have vowed retaliation by imposing retaliatory tariffs
on U.
S.
steel and aluminum products, whiskey and food.
Italy's "anti-establishment" party successfully formed a government, but the new finance minister also held euro skepticism, and the Italian stock market eventually fell
slightly.
With enough opposition votes, the crisis intensified
with the ouster of Spain's prime minister.
European and American stock markets closed lower, and risk appetite weakened
.

Yesterday's London inventory increased sharply, London copper fell slightly in the night session with limited decline, recorded a short black line at the end, scrap copper support is solid, fundamentals are generally stable, it is expected that London copper will continue to consolidate
today.