-Metal markets were mixed in the past week, with base metal prices falling while precious metals rose modestly. Greece finally secured its latest bailout package, which helped to weaken the US dollar (USD),

-Metal markets were mixed in the past week, with base metal prices falling while precious metals rose modestly. Greece finally secured its latest bailout package, which helped to weaken the US dollar (USD), although equity markets were little changed as most of the good news had already been priced in.
-High base metal inventories in China also constrained prices, offsetting some bullish news when the People,s Bank of China announced a 50bps cut in its required reserve ratio (RRR) over the weekend. The move was widely regarded as a signal for further loosening.