4 news you need to know to start your market day

Markets today grappling with at least 4 relevant pieces of news on raw materials, central banks, trade tensions and economic expectations on the great powers.
Among the highlights for this session as it closes in Asia, industrial metals prices extended their gains on expectations of a rebound in the global manufacturing sector, while Asian stocks rallied a bit more cautiously in given this week's US inflation data and a crucial European Central Bank meeting.
In 4 points, here's what you need to know to start the day of trading in global stock exchanges today.
1.
Metals and commodities boom Shanghai copper futures rose 1% to a two-year high and gained more than 10% in a month.
Zinc hit a five-month high in Shanghai, while aluminum hit a 22-month high on Monday.
Iron ore, hit by China's property crisis, also stabilized above $100 a ton in Singapore.
Precious metals also rallied, with gold hovering just below the record high of $2,353 reached on Monday.
Spot gold is up nearly 14% this year.
Silver hit its highest since mid-2021 on Monday and platinum also rose.
Brent crude is below recent highs but remains above $90 a barrel at $90.62.
Last week, data showed that the US manufacturing sector grew for the first time in a year and a half.
In March, Chinese manufacturing activity grew for the first time in six months.
The sector seen in recovery is the greatest push for raw materials, especially for metals.
read also Copper price boom, what does it mean for the global economy? 2.
US-China tension US Treasury Secretary Janet Yellen concluded talks in China by warning that any move to strengthen Russia's military capability could expose Chinese banks to US sanctions.
Yellen's comments came as the UN nuclear watchdog warned that the Zaporizhzhia power plant in Russian-occupied Ukraine came "quite close" to a nuclear accident on Sunday after being attacked by drones .
Regarding the trade war between the two powers, the US Treasury Secretary also said he would not rule out any measures, including potential tariffs, on China's green energy exports.
3.
Fed Rebus Former Federal Reserve Bank of St.
Louis President James Bullard expects three more U.S.
interest rate cuts this year as inflation moves toward the Fed's target and the economy remains resilient.
Meanwhile, investors have increased bets that two rate cuts are more likely than three this year, following March's positive payrolls report.
read also Fed, why doesn't anyone believe in 3 rate cuts anymore? 4.
ECB and US inflation in focus For global stock, bond and currency markets, the main focus this week is on US inflation data due on Wednesday and the European Central Bank meeting on Thursday.
Expectations for US rate cuts are evaporating and while in January markets expected cuts of more than 150 basis points, investors are now not sure of even half that amount.
Annualized headline inflation in the United States is forecast to rise to 3.4% in March from 3.2% the previous month.
US two-year yields, which track short-term interest rate expectations, are the highest since late November at 4.801%, while 10-year yields also hit 2024 highs on Monday at 4.46% .
However, the dollar struggled to follow the rate hike, with the euro still standing to gain in the event of an aggressive surprise from the ECB and a rally in commodity currencies.
read also ECB meeting 11 April, towards a rate cut? Forecasts The ECB is expected to maintain interest rates, but signal a rate cut in June that is widely expected by the markets.