Miners and Airlines in Focus Today

Investors have responded positively to the first notable earnings report of this quarter. Delta Air Lines is up 13.5% in premarket trading after beating street expectations for EPS ($2.10 vs street $2.06), and despite cutting its guidance for the year after management indicated that travel demand has stabilized. Earnings season officially gets underway next Tuesday when big US banks start reporting results.

Mining companies have been attracting attention around the world overnight and into this morning, helping London to post a 1.0% gain and Sydney to rise 0.6%. Other markets have been relatively quiet with Tokyo sliding 0.4% and Frankfurt flat. US index futures are pretty much unchanged.

President Trump’s 50% copper tariff has the metal price soaring 2.0% today, while Platinum is up 2.0%, Gold is up 0.2% and Silver is up 1.0%. In contrast, Crude Oil is down 1.0% so far this morning.

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