Structural bull case is unfolding in copper - UBS

Japan's factory output unexpectedly increased in October, alongside a rebound in retail sales, signaling a potential recovery in the manufacturing sector. This development suggests that Japan's economy may be gaining momentum despite previous concerns about stagnation.

Core consumer prices in Tokyo rose by 2.8% year-on-year in November, reflecting a steady inflationary trend in Japan's capital. This increase slightly exceeded forecasts, indicating a stable economic environment as consumer prices continue to rise.

Tokyo's Consumer Price Index (CPI) inflation remained steady in November, slightly exceeding forecasts, indicating a stable inflationary environment in the capital. This stability is crucial as it reflects ongoing economic conditions and consumer price trends in Japan.

Brazil is seeking cooperation from the United States in an ongoing investigation into money laundering activities. This request highlights the country's efforts to strengthen international collaboration in combating financial crimes.

Mexico's stock market closed lower, with the S&P/BMV IPC index declining by 0.95%. This downturn reflects ongoing economic challenges and investor sentiment amid rising inflation concerns.

Canada’s stock market closed higher, with the S&P/TSX Composite index rising by 0.05%. This slight increase reflects a stable trading environment as investors navigate ongoing economic conditions.

Colombia's stock market closed higher, with the COLCAP index rising by 0.52%, reflecting a positive trading environment. This increase indicates a level of investor confidence in the market despite ongoing challenges in the region.

The MOEX Russia Index closed down 1.75%, reflecting a negative sentiment in the Russian stock market at the end of trading. This decline indicates ongoing challenges faced by investors in the region amid geopolitical tensions and economic uncertainties.