European bonds rallied after US President Donald Trump threatened to apply levies of 50% on the region starting June 1, fueling bets policymakers will have to lower interest rates further to support the economy.

Unusually large shipments of copper to the United States are unlikely to abate as long as the threat of tariffs hangs over the market and price premiums for the metal on U.S.-based COMEX make deals profitable for traders and producers,

U.S. Treasury Secretary Scott Bessent testifies before a House Appropriations Financial Services Subcommittee oversight hearing on "The United States Air Force and Space Force," on Capitol Hill in Washington,